NEWGEN ADVISORY | Successful Closing
September 11, 2026
By NewGen Advisory
NewGen Advisory is pleased to announce the successful sale of the Economy Inn, a 28-room limited-service motel located at 508 S White Sands Blvd in Alamogordo, New Mexico.
Built in 1957, the Economy Inn has been a fixture of Alamogordo’s hospitality landscape for generations and, notably, in the hands of the same family for the past 40 years. Situated in the Tularosa Basin near Holloman Air Force Base and White Sands National Park, the property has long benefited from the area’s steady mix of military demand and destination tourism.
For its longtime owners, the sale marks the close of a significant chapter. After four decades of stewardship, the seller has decided to retire, stepping away from day-to-day operations to begin a new phase of life closer to family. NewGen Advisory is honored to have played a part in helping the family transition this asset with care after so many years of ownership.
"It's rewarding to help a long-time owner transition into retirement after more than 40 years with the property, while also helping position the asset for its next chapter."
NewGen Advisory Associate Suraj Rama and Senior Vice President Jigar Desai worked closely and diligently alongside the buyer, seller, legal counsel, and the title company to navigate the closing process and ensure a smooth transition of ownership. That level of coordination across every party involved was key to bringing a deal four decades in the making to a successful close.
The new ownership plans to continue operating the property as a motel in the near term, preserving continuity for the asset and the local market it serves. Longer term, the buyer intends to explore repositioning the site for an eventual conversion to apartments, a reflection of the kind of value-add and adaptive-reuse potential that made this property an attractive opportunity in the first place.
Closings like this one are a reminder of what’s at the heart of every transaction: real people, real histories, and real transitions. NewGen Advisory congratulates both the seller on a well-earned retirement and the buyer on the start of an exciting new investment, and thanks all parties for their collaboration in bringing this deal to a successful close.
“This transaction is a great example of how hospitality assets can have more than one path forward. The buyer can continue operating the property as a motel today while evaluating a longer-term conversion strategy that may unlock additional value. Deals like this one aren't just about the numbers. They're about honoring the history behind the property and making sure the transition feels right for everyone at the table.”
NewGen Advisory specializes in hospitality real estate brokerage, guiding owners, investors, and operators through every stage of the transaction process. For owners evaluating a sale, refinance or strategic repositioning, or buyers looking for similar opportunities, connect with the NewGen Advisory team.
About NewGen Advisory
NewGen Advisory, a hospitality investment advisory firm, was founded by professionals who entered hospitality through ownership, operations, and investment; not brokerage.
NewGen Advisory managed hotels, navigated renovations, evaluated acquisitions, worked through market cycles, and made the same decisions clients face every day. That experience shapes every valuation, marketing strategy, negotiation, and recommendation provided.
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© 2026 NewGen Advisory. All rights reserved. This article is intended for informational purposes and does not constitute investment advice.