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Hot Springs Inn for Sale
Truth or Consequences, New Mexico
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Property Description
The Hot Springs Inn is a 40-guestroom property built in 1986.
It has exterior corridors, and sits on approximately 2.919 acres of leased land.
The original land lease runs until 2031 with three-five year extensions or to the year 2046. |
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The restaurant located at the front of the property is leased and is within 200 feet of the motel.
A new lease on the restaurant was signed and put in place in September of 2009. The lease runs for ten years with the current rent at $1,000 per month until 2012 and then increases to $3,000 per month thereafter.
The motel and restaurant area has 176 parking spaces for motel and restaurant guests.
The parking area is paved and in good condition. |
The Hot Springs Inn received a new pitched roof with asphalt shingles in 2009.
Room configuration:
- 2-Queen Beds 32
- 1-King Bed 8
- Total 40
Room amenities include: hairdryers, refrigerators and coffee makers.
The Hot Springs Inn also has an outdoor swimming pool and guest laundry. |
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The New Mexico Spaceport Authority (NMSA) Board of Directors has voted to establish a welcome center for Spaceport America in downtown Truth or Consequences.
Spaceport America is approximately 30 miles southeast of Truth or Consequences (T or C). Spaceport America is the world’s first purpose-built commercial space facility. |
Financial Summary
| Price |
$1,400,000 |
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| Number of Units |
40 |
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| Price per Room |
$40,000 |
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| 12 Months Ending |
12/2009 |
7/2010 |
| Room Revenue |
$398,533 |
$486,127 |
| Restaurant (leased) Revenue |
$6,000* |
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| Occupancy |
51.73% |
67.46% |
| Average Daily Rate |
$52.77 |
$49.69 |
| *Restaurant (leased) Revenue: $1,000 per month starting September 2009 for the first 30 months increasing to $3,000 per month thereafter. |
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