Motel Safari

Tucumcari, NM

$300,000

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Information about this property

Location: 722 East Route 66, Tucumcari, New Mexico 88401

PROPERTY: Unique opportunity to own a piece of history on the legendary Mother Road, Historic Route 66, in one of the premier towns out of only 8 available states. The Motel Safari is a well-known,established historic motel on Route 66 with an international following.

The Motel Safari sits on 3 lots, with a remaining 3 lots in back undeveloped that could be used for generating further income. We currently have 5 king rooms, 6 double rooms and one 2 room suite, for a total of 12 available rooms to the public. An additional 2 room suite is already in process and will be available to the public in May. There are an additional 6 rooms unfinished, that could be renovated and added to the inventory. Maximum configuration for the property is 23 guestrooms.

There is also 2 laundry rooms, a carport, a large storage room, the motel lobby and living quarters. The living quarters are 1 bedroom, 1 bathroom, a living room, and kitchen with a small backyard. Currently there is also an additional attached guestroom, being used as a private office.

This is a turnkey property offering with website, reservations system, international booking arrangements in place and one of the top ranked motels on all of Route 66. The motel has won many awards over the years, is top ranked on several review sites, has been featured in magazine and travel articles, visited by celebrities and enjoys a busy annual overseas tourist season.

The property is currently operated as a vintage motel with heritage tourism, by an early retirement couple, happy with what they have, but a tremendous opportunity for upside potential, depending on how the property is operated.

Revenue has been steady and increasing, but the current owners close seasonally, are only open till 10pm and closed Sundays. Business hours could be extended, open 7 days a week year round, a gift shop opened, 3 lots in the back of the property developed and more. The possibilities are endless!

The Motel Safari is being sold “AS IS”; the Sellers will even stay onboard for a short time and help train anyone interested or offer management support.

Don’t miss this opportunity to own a piece of Route 66 history…

(Financial information available with serious offers and a signed confidentiality agreement and Purchase Agreement accepted by the Seller)

Terms: Cash