Hotel La Fonda de Taos

Transcription

1 Hotel La Fonda de Taos Hotel Retail Investment Opportunity 108 South Plaza Taos, NM Offering Memorandum CLICK HERE To view property video visit NAI Maestas & Ward on Jefferson NE Albuquerque, NM PRESENTED BY: Jim Hakeem Director

2 Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving from NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This marketing brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NAI Maestas & Ward has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

3 Table of Contents Cam De La Placita S.Plaza N. Plaza Taos Plaza Hotel & Shops SITE Paseo Del Pueblo Sur Kit Carson Rd. p.4 Section 1 Property p.7 Section 2 Financial p.9 Section 3 Tenant Hotel Parking (Included) p.10 Section 4 Location p.14 Section 5 Floor Plans & Site Photos

4 Property Property Description Hotel La Fonda de Taos is located in Taos New Mexico and positioned in the heart of the Taos plaza. For the first time in over 25 years this family owned property is being offered for sale along with (3) adjacent retail shops and a house coffee shop featuring only Starbucks products. Surrounded by numerous amenities and rich in history, this historic property offers an opportunity to own a piece of New Mexico culture. [This 25 room hotel is equipped with Kiva fireplaces in the hotel lobby, restaurant/bar and most rooms Balconies overlooking the Taos Plaza. Also included is a full service restaurant with a beautiful long bar and seating capacity for over 85 people. The newly upgraded and remodeled commercial kitchen can accommodate dining for all occasions. Off the hotel lobby is a beautiful meeting room featuring paintings from local and national artists and has a seating capacity for people. Hotel guest are spoiled with the privilege of on-site property parking with a.43 acre parking lot directly behind the hotel and INCLUDED in the offering. The parking lot parcel is also used as an additional income generator given the limited parking options throughout Taos Plaza. La Fonda de Taos is the only hospitality facility located on the Taos Plaza. There is a separate room for a managers quarters right off the lobby. The entire third floor is the presidential suite with incredible finishes/fireplaces, full kitchen and more. With an experienced hotel operator there is significant upside opportunity to increase revenue at this property. The restaurant revenue is NOT included in any of the revenue financial projections and therefore leaving room for a potential restaurant operator to come in and lease the space or perhaps provide in house service. There are several other areas where revenue can significantly increase and we are happy to discuss them with you. Offering Memorandum 4

5 Property Highlights HOTEL Own a piece of NM History in Taos Plaza 25 Rooms plus Manager s Suite 3 Stories plus basement Full Service Restaurant with Bar (seating of 85 people) Remodeled Industrial Kitchen Conference/Event Room for people Massage Rooms ±.43 Acre of land for hotel parking 1 Property RETAIL Rocky Mountain Chocolate Factory Tenant Since 1997 R.C. Gorman Gallery Tenant Since 2014 Touchstone Gallery Tenant Since 2001 Noulas Coffee Shop Operator Agreement since 2000 Offering Memorandum 5

6 1 Property Offering Hotel Retail Investment Purchase Price $5,517,000 Net Operating Income $386,245 Cap Rate 7% Retail Lease Types Modified Gross Offering Memorandum 6

7 Tenant Hotel La Fonda de Taos Overview In 1820 the Historic Taos Plaza saw its first "La Fonda" (Spanish for "the Inn") in the form of a mercantile store that also rented rooms. This historic location is where you will find the Hotel La Fonda de Taos today. With over a century of colorful history, it is the only lodging with a premier spot on the plaza when it comes to hotels in Taos, NM. The restaurants, art galleries, museums and other treasures of the Taos historic district are right outside the door, while the completely renovated interior features its own special touches, including the world-famous D.H. Lawrence Forbidden Art collection. With a rich history as host and gathering place to numerous artists, writers, celebrities and political dignitaries, Hotel La Fonda de Taos has earned a lasting reputation as one of the finest Taos hotels. Come join us and experience the best of what a stay in Taos can be. Source: Offering Memorandum 8

8 3 Tenant???? Tenant Profiles Rocky Mountain Chocolate Factory is an international franchisor, confectionery manufacturer and retail operator in the United States, Canada and the United Arab Emirates. The Company is based in the charming historical town of Durango located on the western slope of the Rocky Mountains in southwestern Colorado. From its 53,000 square foot factory, the Company manufactures an extensive line of premium chocolate candies and other confectionery products to supply its many franchise locations. Touchstone gallery of Taos fits right into this city of history. Located directly on the historic Taos Plaza, the gallery offers an extensive collection of minerals, fossils and jewelry. Touchstone gallery features the Southwest s finest selection of nature s art etched in stone. touchstone is the place to find collectible, amazing and beautiful pieces created by the earth s Oldest Master, Mother Nature herself. Navajo Gallery presents the largest collection of work by Navajo artist RC Gorman to be found anywhere. Though RC passed away in 2005, there remains a significant group of original oil pastel drawings,original lithographs, bronzes, and giclees paper castings. Noula's Coffe Shop has been a staple in the Taos Plaza for over 17 years and proudly serves Starbucks Coffee. Tourists and locals can enjoy their favorite coffee as they stroll through the equisite lobbyof the hotel and retail shops. Offering Memorandum 9

9 Location Taos, NM Overview Taos, New Mexico is located amid the awe-inspiring Sangre de Cristo Mountains of the southern Rockies with impressive features both new and historic. Taking full advantage of the high mountain terrain, Taos Ski Valley is a winter enthusiasts haven and is undergoing a $350 million total upgrade to remain one of America s premier ski vacation destinations. The Taos airport is expanding to increase aircraft size and all-weather capabilities, sparking new retail and commercial growth. Additionally, outdoor enthusiasts flock to the area to take advantage of the Rio Grande del Norte National Monument. The challenging landscape is comprised of open plains, steep canyons and rivers alike, with vistas that capture the imagination of all. One of America s oldest artists colonies, Taos is a vital and ever-growing arts community. Enchanting renowned painters, like Georgia O Keefe, Nicolai Fechin and R.C. Gorman, Taos is at the forefront of the contemporary and Native American art movements. And where there is art, there is music destination music festivals and schools enliven the scene throughout the summer months. Taos Pueblo is one of the most significant historical and cultural landmarks in the world. It is also the only Native American community declared both a National Historic Landmark and a World Heritage Site, attracting thousands of visitors annually. Offering Memorandum 10

10 4 Location Taos, NM Map High Altitude Aerial Ranchitos Rd. SITE 64 Ranchito Rd. Cam De La Placita N. Plaza Taos Plaza S.Plaza Taos,NM Paseo del Pueblo Sur 585 Kit Carson Rd. Rancitos Rd. Hotel Parking 240 Hotel & Shops SITE Paseo Del Pueblo Sur Kit Carson Rd. Offering Memorandum 11

11 4 Location Taos Plaza Photos Offering Memorandum 12

12 1, 3 & 5 Mile Demographics Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Trends: Annual Rate Population Households Families Owner HHs Median Household Income Households by Income <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Number Mile 3 Mile 5 Mile 3,449 10,584 18,866 1, State 0.44% 0.41% 0.25% 0.43% 1.43% Percent % % % % % % % % % Number ,950 2, ,035 1, State 0.44% 0.41% 0.25% 0.43% 1.43% Percent 1, % % % % % % % % % Number ,574 4, ,621 2, State 0.44% 0.41% 0.25% 0.43% 1.43% Percent 2, % 1, % % 1, % 1, % % % % % 4 Location SITE Median Household Income Average Household Income Per Capita Income Population by Age $30,019 $47,119 $24, Number Percent % % % % % % % % % % % % $33,999 $47,288 $22, Number Percent % % % % % 1, % 1, % 1, % 1, % 1, % % % $35,843 $49,816 $22, Number Percent 1, % 1, % 1, % 1, % % 2, % 2, % 2, % 3, % 2, % 1, % % Offering Memorandum 13

13 Floor Plans & Photos Floorplan Basement BASEMENT AREA 4,615 SF Offering Memorandum 14

14 5 Floor Plans & Photos Floorplan Ground Floor GROUND LEVEL 10,152 SF 19'11 x 38'9 24' x 49'9 Serving 17'4 x 25'7 Offering Memorandum 15

15 5 Floor Plans & Photos Floorplan Second Floor (Plaza View) Floorplan Third Floor THIRD FLOOR 2,573 SF SECOND FLOOR 8,738 SF Offering Memorandum 16

16 Hotel Suites Photos 5 Floor Plans & Photos Offering Memorandum 17

17 Hotel & Retail Photos 5 Floor Plans & Photos Offering Memorandum 18

18 Financial Contact Broker for more information Offering Memorandum 19