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April 27, 2017
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New Mexico Hotel Property Trades Hands in $4.35 Mil Sale

4/13/17

Ramada Las Cruces Hotel & Conference Center, a 114-room hospitality property located in Las Cruces, NM, sold for $4.35 mil ($38.2k/room). The property is located at 201 East University Ave, adjacent to Las Cruces Convention Center and a mile from New Mexico State University. The new owner is a Wyndham Hotels award-winning hotel operator.

Gordon Allred and Taylor Flynn with Marcus & Millichap represented the seller, a limited liability company. The buyer, a limited liability company, was also repped by Allred and Flynn, along with Josh Tammen and Matthew Reeves.




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