3400 East Tucumcari Boulevard

• Owner Financing Available for Qualified Buyers
• Recently Renovated and will have Minimal PIP for Buyer
• Large Manager's Apartment On-Site
• Absentee Managed
• Interior Corridor and Located in an Opportunity Zone

Property Description

NewGen Advisory is pleased to announce the listing of the Econo Lodge in Tucumcari, New Mexico. This 41-room economy hotel is located on Historic Route 66 and is a prime opportunity for an owner operator. The property is currently held absentee and presents immediate upside for a local owner through increased operational efficiency. The Econo Lodge is currently underperforming against its comp set but has the potential to increase revenue through a hands-on management approach. Tucumcari is a busy market for road-trip travel. Major draws include its fame as a stop for Route 66 travelers, as well as transient business from Texas travelers on their way to skiing and leisure destinations in northern New Mexico and Colorado.