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4/13/17
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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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