for sale

La Quinta Inn & Suites (Ruidoso Downs)

26147 U.S. 70 | Ruidoso Downs, NM 88346

Price:
$5,100,000
Number of Rooms:
63
Building Size:
31,500 SF
Year Built:
2007
Hotel Type:
Limited Service

Investment Highlights

  • Recently renovated with minor transfer PIP
  • Interior corridor
  • RevPar index: 101.6%
  • Only Wyndham property in comp set
  • Absentee owned & operated
  • Motivated seller

Property Description

NewGen Advisory is pleased to present the La Quinta Inn & Suites in Ruidoso, NM to qualified investors. The interior corridor Wyndham brand was built in 2007 and has 63 guest rooms. Travelers on State Route 48 and 70 can enjoy the complimentary breakfast, business center, indoor pool, gym and more.

Location Description

Ruidoso is located in the south-central region of New Mexico, in the United States. Nestled in the Sierra Blanca Mountain range, it is a popular mountain resort town known for its natural beauty and recreational opportunities. The town is situated in Lincoln County and is about 120 miles north of El Paso, Texas, and 70 miles west of Roswell, New Mexico.

Ruidoso is surrounded by the Lincoln National Forest and is close to the Mescalero Apache Reservation, home to the famous Ski Apache resort. The nearby Ruidoso Downs Race Track is also known for hosting the prestigious All American Futurity horse race. With its cool mountain climate and scenic views, Ruidoso is a popular destination for outdoor activities like hiking, skiing, and horseback riding.

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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

Kishan Gohel
Senior Vice President
AZ #SA684403000
(480) 766-6014
kishan.gohel@newgenadv.com

BROKER OF RECORD

Dinesh “Dan” Rama

NewGen Advisory NM, LLC

NM #QB.20316

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