for sale

Econo Lodge Inn & Suites

2295 Historic Route 66 | Santa Rosa, NM 88435

Price:
$2,700,000
Number of Rooms:
34
Building Size:
18,000 SF
Year Built:
1954
PIP:
Minimal
Hotel Type:
Limited Service

Investment Highlights

  • Perfect opportunity for first time hotel buyer
  • Minimal PIP
  • Revenue up nearly $30,000 compared to 2023 numbers
  • Upside potential for on-site operator with 2 bed, 2 bath manager’s living quarters
  • Seller willing to negotiate with all offers that come in writing

Property Description

Jigar “Jay” Desai and Suraj Rama from NewGen Advisory are proud to announce for sale the 34-room Econo Lodge Inn & Suites – Santa Rosa located in Santa Rosa, New Mexico. Conveniently situated right off U.S. Route 66, the property offers excellent visibility for travelers.

This property presents a fantastic opportunity for owner-operators and first-time hotel buyers. With a manager’s living quarters featuring 2 bedrooms and 2 bathrooms, a hands-on operator can achieve an increased positive cashflow. Leveraging the power of the trusted Choice Hotels brand and a loyal customer base, this asset promises consistent cashflow and potential.

Location Description

Discover the endless possibilities for hospitality and economy investment in the vibrant community of Santa Rosa, New Mexico. Located along Historic Route 66, this thriving area offers a perfect blend of local charm and economic opportunity. Visitors can immerse themselves in the nostalgia of Route 66 at the Route 66 Auto Museum or take a refreshing dip in the beautiful Blue Hole.

With a rich cultural heritage, diverse dining options, and a prime location for travelers, Santa Rosa presents an ideal setting for a successful hospitality venture. The area’s mix of natural beauty and historic allure makes it a lucrative prospect for savvy investors seeking to capitalize on its enduring appeal.

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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum. 

Jigar “Jay” Desai
Senior Vice President
AZ #SA675144000
(520) 664-4091
jigar.desai@newgenadv.com

Suraj Rama
Associate
AZ #SA705370000
(602) 363-9589
suraj.rama@newgenadv.com

BROKER OF RECORD

Dinesh “Dan” Rama

NewGen Advisory NM, LLC

NM #QB.20316