BPM & Co. buys N.M. Holiday Inn Express for $8.8M

Holiday Inn Express & Suites Los Alamos Entrada Park features two meeting rooms, a business center, an indoor pool and a fitness center. Photo credit: Colliers International

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.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

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.

Suggested Articles

Insurance companies believe that COVID-19-related losses should not be included in business interruption coverage, but the issue is far from settled.

The MMGY Global Travel Safety Barometer measures Americans’ perceptions of safety on a scale from 0 (extremely unsafe) to 100 (extremely safe).

The cards contain patented New Antimicrobial Layer technology to inhibit the growth and transmission of germs, viruses and pathogens.