Will Co-Broke
Budget Lodge
Commercial real estate listings in Ruidoso, NM, US
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views count 14 Views
Listing was updated on: 11/23/2022
location icon 601 Sudderth Dr
Hospitality for Sale
from November 23, 2022
Description

Location
Ruidoso is a popular drive to leisure market in southern New Mexico. Nestled in the mountains of the Lincoln National Forest, the area consists of multiple several small municipalities that border the Mescalero Apache Reservation. This mountain destination is popular with residents of New Mexico and West Texas, who frequently visit for weekend getaways close to home. Demand in this market is driven by diverse factors. Most significantly are: Outdoor and leisure activities - such as fishing and skiing, Gaming - including horse racing, and tourism - due to the area's rich and storied history, and natural beauty.


Sale
NewGen Advisory is proud to present for sale the Budget Lodge in Ruidoso, New Mexico. This 46 room independent lodge is just minutes from downtown Ruidoso and has high visibility along the major corridor of Sudderth drive. Extensive capital investments made by the current ownership give the property a welcoming and contemporary aesthetic. An experienced owner-operator stands to greatly increase their returns with effective an rate management strategy. The Budget Lodge has a large 3 bed 2 bath managers apartment making this property an owner-operators dream.

The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.