FARMINGTON, NM – HotelBrokerOne
(HB1) is pleased to announce the successful sale of Holiday Inn Express &
Suites Farmington, a prominent hospitality asset located in the Bloomfield
section of Farmington, New Mexico.
The strategically located, 100-room
hotel has long served both business and leisure travelers drawn to the Four
Corners region, offering convenient access to area attractions, energy sector
operations, and Native American heritage sites. The buyer, a private
hospitality group with a growing portfolio in the Southwest, plans to continue
operating the property under the Holiday Inn Express & Suites flag and
investing in long-term brand upgrades and improvements.
Bert Stevens of HB1’s Dallas office
stated, “This transaction underscores the strength of well-positioned branded
assets in secondary markets like Farmington.” Stevens went on to say, “Buyers
remain highly focused on acquiring properties with solid brand recognition,
stable cash flow, and upside potential through operational or physical
enhancements.” The sellers were represented by Bruce Holmes and Peter
Holmes of HB1’s OKC office and Bert Stevens of HB1’s Dallas office.
The sale reflects broader trends in
the hospitality sector, where investors are targeting high-performing assets in
growth-oriented regional markets.
For more information about
HotelBrokerOne and its recent transactions, visit www.hotelbrokerone.com.