Property Overview
Recently price reduced and back on market, the two-story Econo Lodge is located in northern New Mexico in the popular summer-home and resort destination of Eagle Nest, New Mexico.
Just 10 minutes from the Angel Fire Ski Area, the hotel is situated on the north shore of majestic Eagle Nest Lake and near the Enchanted Circle Scenic Byway, Rocky Mountains, and the Colin Neblett Wildlife Area, the largest wildlife area in the state. This state park features the soaring 400-foot granite formations known as the Cimarron Palisades. Year-round activities include fishing, hiking, skiing, and relaxation.
The property features 32 guest rooms and suites, along with a guest laundry, breakfast area, fitness room, meeting room, copy and fax services, sundeck with breathtaking lake and mountain views, large living quarters, and RV hook-ups (currently not in use).
An attractive owner financing option is available with 25% down, subject to qualification. Additionally, the Econo Lodge franchise agreement is scheduled to terminate in July, providing a new owner with the flexibility to pursue a new flag affiliation or operate as an independent hotel.
The out of state, absentee owner is seeking immediate realistic all cash offers or reasonable owner financed offers. Formerly leased, the owner does not wish to operate and prefers to sell quickly. Serious inquiries only please.
Property Highlights
| Asking Price | $1,189,000 |
| Property Description | Limited Service |
| Number of Rooms | 32 |
| Major Source of Business | Mountains, Tourism & Corporate |
| Site Size | +/- 1.50 Acres |
| Year Built |
1989 |
| Last Year Renovated |
2020 |
| Common Area Amenities | Breakfast Area, Fax/Copy Machine, Guest Laundry, Sundeck, Meeting Room & Fitness Center |