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New owner to invest $2.4M into Holiday Inn Express

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By Tris DeRoma

The CEO of the company that purchased the Los Alamos Holiday Inn Express said his company is prepared to invest in the community in more ways than one.

For starters, Brian Patrick Martin, of BPM and Company, said he plans to spend $2.4 million in renovations to the property, which is located at Entrada Business Park.

“An important part of our plan is to invest $2.4 million into the asset.  It’s going to address all the high touch and feel areas of the hotel,” Martin said. “The lobby is going to be completely renovated the guest rooms are going to be completely renovated.”

Martin’s company bought the hotel last week from Los Alamos Lodging for $8.8 million.

Martin said that even the elevators, the corridors and its meeting space will be redone.

“When you walk through the door of that asset, it’s going to look completely different,” Martin said, adding that the funding for the renovation is already in an escrow account.

The renovations are scheduled to take nearly all of 2020 to complete.

Martin also plans to bring in a new management company and offer benefits to the employees.


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