HREC Arranges Sale of Best Western Territorial Inn & Suites

HREC Investment Advisors has announced the successful sale of the 65-room Best Western Territorial Inn & Suites in Bloomfield, New Mexico. The buyer, JHMC Inc., is a regional hotel ownership and management company based in the southwestern United States.

In this deal, HREC Investment Advisors represented the seller, VWH Enterprises Inc., with Jeffrey Duni, senior vice president at HREC, leading the marketing and negotiations. VWH Enterprises Inc., a family-owned business and the original developer of the hotel, expressed their satisfaction with the transaction.

According to Duni, the purchase of the Best Western Territorial Inn & Suites by JHMC Inc. presents an opportunity to streamline sales and management efforts alongside their existing Best Western hotel in Farmington, New Mexico.

Located in Bloomfield, the hotel is conveniently situated next to US 64, offering easy access to Farmington and the entire Four Corners region. Bloomfield, with a population of approximately 8,000, relies mainly on agriculture, oil and gas production, and retail services. Guests staying at the hotel can explore nearby attractions such as the Aztec Ruins National Monument, featuring well-preserved ancient Puebloan ruins. The city also boasts parks, museums, and annual events like the Bloomfield Iris Festival.