Hotel La Fonda de Taos Offering - LoopNetimages3.loopnet.com/d2/vyklyUKHa0bEt02xVhbCEPyzIavU15reMxU2cyEzbg4/... · Hotel La Fonda de Taos is located in Taos New Mexico and positioned

Hotel La Fonda de Taos Hotel | Retail Investment Opportunity108 South Plaza | Taos, NM 87571

Offering Memorandum

PRESENTED BY:

Jim Hakeem Director

505 878 0006 | [email protected] Jefferson NE | Albuquerque, NM 87109 | www.gotspaceusa.com

505 878 0001

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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.

Disclaimer

Table ofContents

p.4 Section 1 Property Summary

p.7 Section 2 Financial Summary

p.9 Section 3 Tenant Summary

p.10 Section 4 Location Summary

p.14 Section 5 Floor Plans & Site Photos

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Offering Memorandum | 4

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 50—60 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.

PropertySummary

Property Description


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 50-80 people• Massage Rooms• ±.43 Acre of land for hotel parking

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

Property Highlights

1 Property Summary


Hotel | Retail InvestmentPurchase Price $5,517,000Net Operating Income $433,946Cap Rate 7.9%Retail Lease Types Modified Gross

1 Property Summary

Offering Summary

Offering Memorandum | 83TenantSummary

Hotel La Fonda de Taos OverviewIn 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: www.lafondataos.com


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.

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Tenant Profiles

3 Tenant Summary

Offering Memorandum | 104Taos, 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.

LocationSummary

Taos, NM Overview


4 Location Summary

Taos, NM Map

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4 Location Summary

Taos Plaza Photos


4 Location Summary

1, 3 & 5 Mile Demographics

1 Mile 3 Mile 5 Mile

Demographic and Income Profile108 S Plaza, Taos, New Mexico, 87571 Prepared by EsriRing: 1 mile radius Latitude: 36.40705

Longitude: -105.57477

Summary Census 2010 2016 2021Population 3,330 3,449 3,503Households 1,675 1,758 1,802Families 798 820 832Average Household Size 1.95 1.93 1.91Owner Occupied Housing Units 905 907 921Renter Occupied Housing Units 770 851 881Median Age 46.9 48.3 49.5

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.31% 0.44% 0.84%Households 0.50% 0.41% 0.79%Families 0.29% 0.25% 0.72%Owner HHs 0.31% 0.43% 0.73%Median Household Income 0.65% 1.43% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 541 30.8% 545 30.2%$15,000 - $24,999 245 13.9% 263 14.6%$25,000 - $34,999 165 9.4% 140 7.8%$35,000 - $49,999 266 15.1% 248 13.8%$50,000 - $74,999 244 13.9% 267 14.8%$75,000 - $99,999 125 7.1% 139 7.7%$100,000 - $149,999 84 4.8% 101 5.6%$150,000 - $199,999 48 2.7% 55 3.1%$200,000+ 41 2.3% 42 2.3%

Median Household Income $30,019 $31,004Average Household Income $47,119 $50,237Per Capita Income $24,124 $25,924

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 165 5.0% 159 4.6% 160 4.6%5 - 9 175 5.3% 168 4.9% 161 4.6%10 - 14 168 5.0% 172 5.0% 164 4.7%15 - 19 170 5.1% 171 5.0% 165 4.7%20 - 24 159 4.8% 182 5.3% 185 5.3%25 - 34 343 10.3% 368 10.7% 393 11.2%35 - 44 392 11.8% 357 10.4% 341 9.7%45 - 54 489 14.7% 469 13.6% 426 12.2%55 - 64 526 15.8% 526 15.3% 520 14.8%65 - 74 397 11.9% 481 14.0% 530 15.1%75 - 84 236 7.1% 267 7.7% 309 8.8%

85+ 110 3.3% 126 3.7% 150 4.3%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 2,176 65.3% 2,205 63.9% 2,222 63.4%Black Alone 12 0.4% 18 0.5% 24 0.7%American Indian Alone 185 5.6% 190 5.5% 190 5.4%Asian Alone 25 0.8% 35 1.0% 44 1.3%Pacific Islander Alone 1 0.0% 1 0.0% 1 0.0%Some Other Race Alone 710 21.3% 759 22.0% 765 21.8%Two or More Races 221 6.6% 241 7.0% 257 7.3%

Hispanic Origin (Any Race) 1,734 52.1% 1,837 53.3% 1,885 53.8%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

March 17, 2017

©2016 Esri Page 1 of 6



Summary Census 2010 2016 2021Population 3,330 3,449 3,503Households 1,675 1,758 1,802Families 798 820 832Average Household Size 1.95 1.93 1.91Owner Occupied Housing Units 905 907 921Renter Occupied Housing Units 770 851 881Median Age 46.9 48.3 49.5



<$15,000 541 30.8% 545 30.2%$15,000 - $24,999 245 13.9% 263 14.6%$25,000 - $34,999 165 9.4% 140 7.8%$35,000 - $49,999 266 15.1% 248 13.8%$50,000 - $74,999 244 13.9% 267 14.8%$75,000 - $99,999 125 7.1% 139 7.7%$100,000 - $149,999 84 4.8% 101 5.6%$150,000 - $199,999 48 2.7% 55 3.1%$200,000+ 41 2.3% 42 2.3%



0 - 4 165 5.0% 159 4.6% 160 4.6%5 - 9 175 5.3% 168 4.9% 161 4.6%10 - 14 168 5.0% 172 5.0% 164 4.7%15 - 19 170 5.1% 171 5.0% 165 4.7%20 - 24 159 4.8% 182 5.3% 185 5.3%25 - 34 343 10.3% 368 10.7% 393 11.2%35 - 44 392 11.8% 357 10.4% 341 9.7%45 - 54 489 14.7% 469 13.6% 426 12.2%55 - 64 526 15.8% 526 15.3% 520 14.8%65 - 74 397 11.9% 481 14.0% 530 15.1%75 - 84 236 7.1% 267 7.7% 309 8.8%

85+ 110 3.3% 126 3.7% 150 4.3%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 2,176 65.3% 2,205 63.9% 2,222 63.4%Black Alone 12 0.4% 18 0.5% 24 0.7%American Indian Alone 185 5.6% 190 5.5% 190 5.4%Asian Alone 25 0.8% 35 1.0% 44 1.3%Pacific Islander Alone 1 0.0% 1 0.0% 1 0.0%Some Other Race Alone 710 21.3% 759 22.0% 765 21.8%Two or More Races 221 6.6% 241 7.0% 257 7.3%



March 17, 2017




Summary Census 2010 2016 2021Population 10,516 10,584 10,604Households 4,832 4,950 5,010Families 2,622 2,630 2,633Average Household Size 2.15 2.11 2.09Owner Occupied Housing Units 3,068 3,035 3,059Renter Occupied Housing Units 1,764 1,915 1,951Median Age 44.3 45.3 46.3



<$15,000 1,346 27.2% 1,341 26.8%$15,000 - $24,999 720 14.5% 760 15.2%$25,000 - $34,999 445 9.0% 380 7.6%$35,000 - $49,999 743 15.0% 646 12.9%$50,000 - $74,999 767 15.5% 824 16.4%$75,000 - $99,999 464 9.4% 526 10.5%$100,000 - $149,999 255 5.2% 299 6.0%$150,000 - $199,999 150 3.0% 169 3.4%$200,000+ 61 1.2% 65 1.3%



0 - 4 601 5.7% 559 5.3% 547 5.2%5 - 9 652 6.2% 595 5.6% 555 5.2%10 - 14 601 5.7% 625 5.9% 598 5.6%15 - 19 604 5.7% 573 5.4% 589 5.6%20 - 24 533 5.1% 583 5.5% 563 5.3%25 - 34 1,110 10.6% 1,156 10.9% 1,181 11.1%35 - 44 1,247 11.9% 1,161 11.0% 1,114 10.5%45 - 54 1,564 14.9% 1,377 13.0% 1,259 11.9%55 - 64 1,740 16.5% 1,648 15.6% 1,517 14.3%65 - 74 1,089 10.4% 1,406 13.3% 1,599 15.1%75 - 84 547 5.2% 650 6.1% 793 7.5%

85+ 227 2.2% 252 2.4% 289 2.7%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 6,560 62.4% 6,492 61.3% 6,467 61.0%Black Alone 53 0.5% 74 0.7% 93 0.9%American Indian Alone 1,229 11.7% 1,229 11.6% 1,223 11.5%Asian Alone 71 0.7% 91 0.9% 112 1.1%Pacific Islander Alone 3 0.0% 3 0.0% 3 0.0%Some Other Race Alone 2,050 19.5% 2,116 20.0% 2,096 19.8%Two or More Races 552 5.2% 581 5.5% 610 5.8%



March 17, 2017




Summary Census 2010 2016 2021Population 18,945 18,866 18,804Households 8,453 8,574 8,631Families 4,769 4,740 4,723Average Household Size 2.20 2.16 2.14Owner Occupied Housing Units 5,709 5,621 5,680Renter Occupied Housing Units 2,744 2,953 2,951Median Age 43.7 44.9 46.1

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation -0.07% 0.44% 0.84%Households 0.13% 0.41% 0.79%Families -0.07% 0.25% 0.72%Owner HHs 0.21% 0.43% 0.73%Median Household Income 0.89% 1.43% 1.89%


<$15,000 2,086 24.3% 2,058 23.8%$15,000 - $24,999 1,262 14.7% 1,317 15.3%$25,000 - $34,999 840 9.8% 719 8.3%$35,000 - $49,999 1,265 14.8% 1,048 12.1%$50,000 - $74,999 1,245 14.5% 1,311 15.2%$75,000 - $99,999 880 10.3% 999 11.6%$100,000 - $149,999 629 7.3% 768 8.9%$150,000 - $199,999 270 3.1% 304 3.5%$200,000+ 96 1.1% 107 1.2%



0 - 4 1,113 5.9% 1,022 5.4% 973 5.2%5 - 9 1,175 6.2% 1,104 5.9% 1,029 5.5%10 - 14 1,103 5.8% 1,142 6.1% 1,133 6.0%15 - 19 1,109 5.9% 1,010 5.4% 1,056 5.6%20 - 24 972 5.1% 970 5.1% 874 4.6%25 - 34 2,010 10.6% 2,078 11.0% 1,964 10.4%35 - 44 2,286 12.1% 2,128 11.3% 2,125 11.3%45 - 54 2,874 15.2% 2,487 13.2% 2,285 12.2%55 - 64 3,181 16.8% 3,010 16.0% 2,762 14.7%65 - 74 1,869 9.9% 2,460 13.0% 2,839 15.1%75 - 84 893 4.7% 1,060 5.6% 1,320 7.0%

85+ 360 1.9% 392 2.1% 443 2.4%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 12,506 66.0% 12,255 65.0% 12,153 64.6%Black Alone 95 0.5% 128 0.7% 158 0.8%American Indian Alone 1,617 8.5% 1,616 8.6% 1,609 8.6%Asian Alone 126 0.7% 157 0.8% 192 1.0%Pacific Islander Alone 6 0.0% 6 0.0% 6 0.0%Some Other Race Alone 3,664 19.3% 3,738 19.8% 3,679 19.6%Two or More Races 932 4.9% 966 5.1% 1,007 5.4%



March 17, 2017


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Offering Memorandum | 145Floor Plans& Photos

Floorplan Basement

BASEMENT AREA 4,615 SF


5 Floor Plans & Photos

Floorplan Ground Floor

GROUND LEVEL 10,152 SF

Serving

19'11 x 38'9

17'4 x 25'7

24' x 49'9



Floorplan Second Floor (Plaza View)

Floorplan Third Floor

SECOND FLOOR 8,738 SF

THIRD FLOOR 2,573 SF



Hotel Suites Photos


Hotel & Retail Photos 5 Floor Plans

& Photos

Offering Memorandum | 192FinancialSummary

Contact Broker for more information

Documents

Hotel La Fonda de Taos Offering - LoopNetimages3.loopnet.com/d2/vyklyUKHa0bEt02xVhbCEPyzIavU15reMxU2cyEzbg4/... · Hotel La Fonda de Taos is located in Taos New Mexico and positioned