Los Alamos Lodging sold the 86-room Holiday Inn Express & Suites Los Alamos (N.M.) Entrada Park to BPM & Co. for $8.8 million. Jon Grantham and James Meng, both members of the Colliers International Hotels Group, handled the transaction.
Built in 2009, the four-floor hotel features two meeting rooms, a business center, an indoor pool and a fitness center. The property is located a little over 30 miles northwest of Santa Fe, N.M., and less than 2 miles from the Los Alamos Airport.
BPM & Co. is a New York-based group focused on hospitality investment and advisory services. It is the managing member on three hotel investments: a Courtyard by Marriott in South Carolina, a Hampton Inn in Indiana and now the Holiday Inn Express in New Mexico. Brian Patrick Martin, president of BPM & Co., said in a statement the company has sold four hotels in the past year and that it is continuing to search for yield opportunities in secondary, tertiary and quaternary markets.
Colliers International is a global real estate services and investment management company with operations in 68 countries. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.