Sale Hospitality
4150 Cerrillos Rd, Santa Fe, NM 87507
- $4M
- 54,556 SF building
- 1 ac
Do not disturb Operator or Staff, see broker for more information.Tammen Hospitality Partners is pleased to present the Baymont by Wyndham Santa Fe, a 51 key limited service hotel on Cerrillos Road, Santa Fe's primary commercial corridor. The two story, interior corridor building sits on 1.26 fee simple acres adjacent to Santa Fe Place regional mall, with 72 surface parking spaces, pool, fitness center and business center. Ownership completed approximately $1,000,000 in capital improvements in 2025. The hotel currently holds rate parity with its competitive set while capturing well below its fair share of occupancy, leaving a clearly defined path to revenue growth through active sales management and brand repositioning. Santa Fe demand is anchored by state government and the 60 day 2027 legislative session, CHRISTUS St. Vincent Regional Medical Center, Los Alamos National Laboratory contractor travel, and year round cultural tourism. No new hotel supply is scheduled to deliver in the submarket before 2028.https://www.tammenhospitality.com/exclusive-listings?propertyId=baymontsantafe Investment HighlightsDual-Brand Conversion Potential: Spark by Hilton and City Express by Marriott Recent Renovation: Completed in 2024 Proven Rate Premium: Hotel has historically commanded ADR above its competitive set Occupancy Upside: Meaningful unclaimed share inside the existing competitive set Government Demand Available: State capital and 2027 legislative session business to capture Below Replacement Cost: Fee simple midscale priced well inside new-build economics Limited Near-Term Supply: Nothing in the submarket pipeline delivers before 2028 Property & Location HighlightsCerrillos Road Corridor: Positioned on Santa Fe’s primary commercial corridor near Santa Fe Place regional mall at 4250 Cerrillos Road, with quick I-25 access and a direct run to the historic Plaza. Efficient Physical Plant: Two-story interior-corridor masonry building on 1.26 acres with 72 surface spaces, pool, fitness center and business center. State Capital Demand: New Mexico’s seat of government, with a 60-day legislative session convening January 19, 2027. Regional Medical Anchor: CHRISTUS St. Vincent, Northern New Mexico’s only full-service health system, with 200 licensed beds and more than 2,300 associates. Cultural Tourism Base: Meow Wolf sits in the hotel’s own zip code, with the Plaza, Canyon Road, Santa Fe Opera and Indian Market driving year-round leisure demand. Positive Recent Trend: July 2026 RevPAR grew 12.5% while the competitive set declined 6.5%, a 15-point gain in RevPAR Index.
View Listing
