Online Only Sale of Historic El Fidel Hotel in Las Vegas, New Mexico
Online Auction: October 27 – November 1
Located in downtown Las Vegas and in one of the most desirable areas, the property features an opening bid of $300,000.
Las Vegas, New Mexico (September, 2016)—SVN Auction Services, a national provider of date-specific sales and special asset solutions and SVN Walt Arnold Commercial Brokerage Inc., are coordinating the sale of an operating Boutique Hotel and Apartments with Warehouse and additional Parking Lot in Las Vegas in an online-only auction scheduled for October 27th through November 1st. Located at 500 Douglas Avenue, the historic and iconic property features an opening bid of $300,000.
Leading the sale effort on behalf of SVN Auction Services are industry veterans Louis Fisher, CAI, and David Gilmore, CCIM, CAI, AARE. Rounding out the team is Albuquerque-based advisors Walt Arnold and Kelly Tero of SVN Walt Arnold Commercial Brokerage Inc., who will provide their depth of local market expertise in assisting with the transaction.
“The team we’ve assembled to market and coordinate the sale of this unique property signifies the ownerships strong motivation to sell with pulling together the right Advisors and experts to best serve its interests,” said Fisher. “It’s why clients, such as the group we’re representing to sell this hospitality | commercial asset, continue to look to us for our expert guidance and serve their asset needs. We deliver.”
The El Fidel property features 48 Hotel Rooms and Apartments, Restaurant, 4 Offices, Beauty Salon, Lounge and Coffee Bar situated directly on Douglas Avenue with excellent frontage and is turn-key ready for another operator or another commercial adaptation. Also included in the offering is an adjacent Warehouse and additional Parking Lot.
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties, receiverships and bankruptcies. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International’s more than 190 locations in 500 markets. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.
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