25980 Us-70Ruidoso, NM 88345

Property Details for 25980 Us-70

Year built

1978

Lot size

2.86 AC

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 68-key hotel, part of the Ascend Hotel Collection, presents a lucrative investment opportunity in the desirable town of Ruidoso, New Mexico. Located at 25980 US-70, this fee-simple property boasts a 2.86-acre lot and a two-story building constructed in 1978, extensively renovated in 2014. The hotel features an interior corridor design and includes an elevator for guest convenience. The room configuration includes a variety of suites and standard rooms, totaling 68 keys. The property is being offered unencumbered by its current management agreement, granting the new owner complete operational control. This allows for immediate implementation of personalized management strategies and maximizing revenue potential. Its prime location in Ruidoso, a beautiful and popular New Mexico town, ensures consistent demand and strong occupancy rates. The upgrade from a Quality Inn to an Elevate Hotel within the Ascend Collection signifies a commitment to quality and a higher standard of guest experience. This turnkey operation is ready for a new owner to capitalize on its established reputation and significant upside potential. The asking price for this remarkable property is $5,750,000.

Location Insight

City

Ruidoso

County

Lincoln

State

New Mexico

Latitude

33.3095

Longitude

-105.643

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