The Santa Fe Sage Inn is a two-story limited service motel located just blocks from Santa Fe, New Mexico’s famed historic district. Situated on 2 .7 acres, the property includes 157 guest rooms and the luxury of approximately 202 parking spaces, with ample room for tour buses to maneuver and park. The approximately 3,400 square foot lobby has a breakfast area situated around a large kiva fireplace, pleasant outdoor portal seating area, a 1,500 square foot meeting room, and a 24 hour business center. The property enjoys excellent visibility with its location on the main thoroughfare leading into the downtown area and directly across the street from a new community park, which is the focal point of the Railyard development.

Built in 1984, the 157-room Santa Fe Sage Inn is located strategically on Cerrillos Road, the main artery leading into the city’s famed historic district and adjacent to the new Railyard development project. These two districts have essentially grown together to form the new “heart” of the city, which services as an epicenter of activity for both visitors and locals alike. The historic Santa Fe Plaza is listed on the National Registry of Historic Places and has been the city’s central gathering place for nearly 400 years. This location is well accepted, as demonstrated by the subject’s operating history, since the present owner’s purchased in 2004.

The Property is located directly across Cerrillos Road from the new 50 acre Railyard Historic District and the 10 acre Railyard Park and Plaza. The $13.5 million dollar park is under construction and when completed will contain parklands, common areas, commercial space, an IMAX Theatre and a walk-bike trail system. The park, trail and plaza system will serve as a connection for the entire Railyard site, linking the open spaces with a retail and residential hub. The park and plaza will draw visitors because of the location and offerings of galleries, specialty retail shops and restaurants. Additionally this location is the downtown stop for the Rail Runner Express commuter train. The landscape architect for the Railyard Park and Plaza is Ken Smith who is credited with other innovative projections, such as New York City’s Museum of Modern Art’s rooftop garden.

MARKET AREA OVERVIEW
As of the 2005 census estimate, the population of Santa Fe was 70,631, making it New Mexico’s third-largest city citation. Like most appealing places to live, Santa Fe is growing, however, in a very controlled and planned manner as not to destroy anything that has made it what it is today. Santa Fe County’s population is projected to increase 7.8% in the next five years.

Detailed Information is available.
Request an Offering Memorandum

Santa Fe
A 2004 Condé Nast Traveler article ranked Santa Fe second only to San Francisco as the best travel destination in the country. It has been consistently ranked in the Top 5 travel destinations by the public for the last five years. Tourism is a major aspect of the Santa Fe economy, with visitors attracted year-round by the climate and related outdoor activities plus cultural activities of the city and the region.

Most tourist activity takes place in the historic downtown, especially on and around the Plaza, a one-block square adjacent to the Palace of the Governors, the original seat of New Mexico’s territorial government since the time of Spanish colonization. Other areas include “Museum Hill”, the site of the major art museums of the city, and the Canyon Road arts area with its many galleries and unique boutiques.

Some visitors find Santa Fe particularly attractive around the second week of September when the aspens in the Sangre de Cristo Mountains turn yellow and the skies are clear and blue. This is also the time of the annual Fiestas de Santa Fe, celebrating the arrival of conquistador Don Diego de Vargas to Santa Fe.

Within easy striking distance for day-trips is the town of Taos, about 70 miles North on US 84/285 and the historic Bandelier National Monument about 30 miles away near Los Alamos, New Mexico in the Jemez (say “Hay-mess”) Mountains named for the Jemez Indian Pueblo.

Detailed Information is available.
Request an Offering Memorandum