for sale
Hobbs Inn/Hotel Simply Stay
722 N Marland Blvd | Hobbs, NM 88240
Investment Highlights
- Motivated seller – bring all offers
- Seller financing and lease to purchase options available
- Suited for several franchise flags
- Absentee managed from out of state owners
- $2.6M in renovations completed in 2024
- Significant upside for owner/operators
- Opportunity to reposition property to address housing shortage
Property Description
Jigar “Jay” Desai and Ryan Bodine of NewGen Advisory are proud to present for sale the Hobbs Inn/Hotel Simply Stay – Hobbs, NM. Positioned in the heart of New Mexico’s oil and gas region, this fully remodeled, 62-room interior corridor hotel offers approximately 24,781 square feet of turnkey space on the high-visibility Marland Blvd. With $2.6M in recent renovations, the property blends modern accommodations with strategic proximity to schools, shopping centers, and medical facilities—making it ideal for travelers, long-term guests, or brand conversion opportunities.
The Hobbs Inn/Hotel Simply Stay – Hobbs is absentee-managed by out-of-state owners, presenting operational upside for hands-on investors. Hobbs’ steady economic growth and demand for hospitality and residential space offer strong long-term appreciation and revenue potential. Flexible investment terms, including seller financing and lease-to-purchase options, are available, and ownership is eager to entertain all serious offers.
Location Description
Hobbs is a fast-growing city in southeastern New Mexico, located just four miles from the Texas border in Lea County. Known as the heart of the state’s “EnergyPlex,” Hobbs plays a central role in the oil and gas industry while also diversifying into healthcare, education, and retail. The city has made strategic investments of over $150 million in quality-of-life projects, including the CORE (Center of Recreational Excellence), which features New Mexico’s tallest indoor water slide and extensive recreational facilities. Hobbs is also home to New Mexico Junior College, the University of the Southwest, and Lea County Regional Medical Center, creating a vibrant, youthful community supported by strong educational and healthcare infrastructure.
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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
Ryan Bodine
Senior Vice President
AZ #BR661940000
(480) 236-9918
ryan.bodine@newgenadv.com
BROKER OF RECORD
Dinesh “Dan” Rama
NewGen Advisory NM, LLC
NM #20316