Renovated & Stabilizing | 40-Room Econo Lodge | I-40 Corridor NM

New Mexico, United States

$1500000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Chain / Market Scale: Economy
Brand: Econo Lodge
Corridor: Interior
No. of Keys: 40

This 40-room, two-story exterior corridor economy hotel operates under a nationally recognized Choice Hotels flag and is positioned along a high-visibility interstate service road in eastern New Mexico. The property consists of a single building with guest laundry facilities on both floors, providing added convenience for extended-stay and road trip travelers.
New ownership acquired the asset in mid-2025 and immediately invested in capital improvements including water heater replacement, flooring upgrades in six rooms, and a full furniture refresh in an additional six rooms. These improvements represent a meaningful reinvestment in the physical plant and position the property to recover toward its demonstrated 2024 performance of $372,121 in total revenue at 44.1% occupancy.
The property benefits from the Choice Hotels central reservation system, national brand recognition, and loyalty program access — competitive advantages that drive bookings above what an independent operator could achieve in this market segment. With renovations substantially complete and inventory returning to full availability, the asset is primed for stabilization under experienced ownership.
At $1,500,000 — $37,500 per key — this offering represents a compelling below-replacement-cost acquisition opportunity for an owner-operator or value-add investor seeking a flagged interstate asset with near-term upside.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Chain / Market Scale: Economy
Brand: Econo Lodge
Corridor: Interior
Keys: 40
Stories: 2
Additional Links:

Location


Country: United States
State: New Mexico
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Steele Blue

Broker
Scoggin Blue LLC


Steven B. Blue, CHB

President
Scoggin Blue LLC


JOIN HOTEL BROKERS INTERNATIONAL

HBI Hotels

Brokers

Becoming a member of Hotel Brokers International will provide opportunities to further your brokerage career.

Learn More
HBI Hotels

Affiliate Membership

Hotel Brokers International’s affiliate program positions hospitality service providers in the center of the largest, most comprehensive brokerage network in the industry.

Learn More
HBI Hotels

CHB

The industry’s only certification in hotel brokerage, designed to distinguish those who have advanced their professionalism and competence in hotel brokerage.

Learn More