SVN Walt Arnold Commercial Brokerage and SVN Auction Services Coordinating Online-Only Sale of Historic El Fidel Hotel in Las Vegas, NM

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Located in one of the most desirable areas downtown, the Oct. 27 through Nov. 1 sale has an opening bid of $300,000

The team we’ve assembled to market and coordinate the sale of this unique property signifies the ownership’s strong motivation to sell with pulling together the right advisors and experts to best serve its interests.

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 an additional parking lot in Las Vegas in an online-only auction scheduled for Oct. 27 through Nov. 1. Located at 500 Douglas Ave., the historic and iconic El Fidel Hotel, built in the 1920s in Spanish Colonial Revival style and designed by Henry Trost, 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,” Fisher said. “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 34 recently renovated hotel rooms and apartments, a renowned restaurant with beer and wine license, offices, retail spaces , lobby and coffee bar situated directly on Douglas Avenue with excellent frontage. It is turnkey ready for another operator or another commercial adaptation. Also included in the offering is an adjacent warehouse for storage and additional parking lot.

For information, photos and registration, visit http://www.ElFidelHotelAuction.com

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 corporate real estate sales, 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 800 commercial real estate advisors throughout the nation. 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 on the firm, visit SVN Auction Services.

Contacts
Louis B. Fisher III, CAI
SVN Auction Services,
954.931.0592 fisherl(at)svn(dot)com

Walt Arnold
SVN Walt Arnold Commercial Brokerage Inc.
505.256.1255 walt.arnold(at)svn(dot)com

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Ken Zeszutko
Zeszutko Corp.-PR
+1 (321) 213-1818
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