Hotels

Opportunity to acquire the fee simple interest in the Adobe Village Inn at 150 Canyon Circle Drive in Sedona, Arizona. This 15-unit boutique inn is on three parcels, consisting of ±1.08 acres and is positioned well for growth under new ownership.

Contact brokers to request the offering memorandum.

The Inn is just off SR 179, the main throughway connecting I-17 to Sedona and approximately two hours from Phoenix. The property is conveniently located minutes from hiking trails, restaurants, shops and galleries, allowing guests plenty of options to fill their vacation itineraries.

The Inn contains 15 rooms total, consisting of four Villas, seven Inn Rooms and four two-bedroom Red Rock Suites. Each of the guest rooms are uniquely designed and decorated with guest comfort in mind, with every room providing free Wi-Fi, flat screen TVs, hair dryers, irons, in-room coffee and plush linens and robes. The Villas and Red Rock Suites offer additional in-room amenities.

Common area amenities include an outdoor hot tub, movie library, large outdoor gas fire pit and outdoor gardens/courtyard, with a sitting area that provides fabulous Red Rock views.

The Red Rock Suites could easily be converted to condos or apartments, with little to no additional cost. These four two-bedroom units are on a separate parcel, a short walk from the Inn’s lobby. Units have full kitchens and laundry, which help facilitate a relatively simple conversion to individual apartments or condominiums.

The Sedona market continues to have strong recovery and growth after the onset of the coronavirus pandemic. As domestic and international travel rebounds, the Inn’s performance projects to achieve new highs.

Sedona straddles the county line between Coconino and Yavapai Counties in northern Arizona. Sedona is a tourist destination, with the spring and fall months as peak seasons. However, it is also a popular spot in the winter for visitors seeking traditional winter weather, and in summer for travelers looking to escape the extreme heat in nearby cities to the south.

Opportunity to acquire the fee simple interest in the Holiday Inn Express Trinidad at 3130 Santa Fe Trail in Trinidad, Colorado. This limited-service hotel consists of 86 rooms, with 71 traditional rooms and 15 suites.

Contact brokers to request the offering memorandum.

Originally constructed as a full-service Holiday Inn in 2007, the hotel underwent a $2.7 million renovation in 2020 to 2021 to convert to the limited-service Holiday Inn Express brand. The limited-service operational model is considered more appropriate for the tertiary Trinidad market.

The Holiday Inn Express offers investors a turnkey acquisition that will not require significant capital reinvestment over the next five to seven years.

The more recognizable Holiday Inn Express brand and recent renovations will allow a buyer to implement new revenue management strategies to improve top line performance. This streamlined limited-service operational model will increase revenue flow-through to the bottom line, enhancing overall cash flows and returns for an investor.

The hotel has eliminated the labor intensive and operationally costly restaurant, instead offering guests a complimentary continental breakfast and market pantry retail option. Amenities include an indoor pool and whirlpool, fitness center, guest laundry area, business center and market pantry, as well as a ±1,664-square-foot meeting room.

Holiday Inn Express is on Interstate 25, less than 10 miles from the Colorado-New Mexico state border and one of the first hotels travelers encounter as they enter Colorado from New Mexico to the south.