Hospitality Commercial Real Estate in New Mexico

Browse 24 hospitality properties in New Mexico (NM) with an average asking rent of $13 per SF, an average asking sale price of $223 per SF, and an average size of 5,134 SF.

Current Inventory24
Average Available Size5,134 SF
Total Available Size20,536 SF
Average Asking Price—
El Camino Motor Hotel listing image
Sale Hospitality

El Camino Motor Hotel

6851 4th St NW, Los Ranchos de Albuquerque, NM 87107

  • $2.5M
  • 9,141 SF building
  • 1 ac

The El Camino is a vintage boutique hotel located in the beautiful North Valley Village of Los Ranchos. The Route 66 era architecture of this asset stands the test of time. With generous room sizes (+/-306 SF average size), this property is perfect for a model revival. The generous 2-story caretaker apartment (+/-2,270 SF) could be remodeled for a restaurant, gym or brewery and features a large 2nd story patio. The property is  cooled by individual swamp coolers, which can be upgraded to split units. The property has an abundance of parking, and a pool area that could potentially be reused or repurposed. The site features excellent access off 4th street and iconic Route 66 signage. It includes amenities such as complimentary on-site parking,  and pet friendly rooms available.

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Baymont by Wyndham Santa Fe, NM listing image
Sale Hospitality

Baymont by Wyndham Santa Fe, NM

4150 Cerrillos Rd, Santa Fe, NM 87507

  • $4M
  • 54,556 SF building
  • 1 ac

Do not disturb Operator or Staff, see broker for more information.Tammen Hospitality Partners is pleased to present the Baymont by Wyndham Santa Fe, a 56 key limited service hotel on Cerrillos Road, Santa Fe's primary commercial corridor. The two story, interior corridor building sits on 1.26 fee simple acres adjacent to Santa Fe Place regional mall, with 72 surface parking spaces, pool, fitness center and business center. Ownership completed approximately $1,000,000 in capital improvements in 2025. The hotel currently holds rate parity with its competitive set while capturing well below its fair share of occupancy, leaving a clearly defined path to revenue growth through active sales management and brand repositioning. Santa Fe demand is anchored by state government and the 60 day 2027 legislative session, CHRISTUS St. Vincent Regional Medical Center, Los Alamos National Laboratory contractor travel, and year round cultural tourism. No new hotel supply is scheduled to deliver in the submarket before 2028.https://www.tammenhospitality.com/exclusive-listings?propertyId=baymontsantafe Investment HighlightsDual-Brand Conversion Potential: Spark by Hilton and City Express by Marriott Recent Renovation: Completed in 2024 Proven Rate Premium: Hotel has historically commanded ADR above its competitive set Occupancy Upside: Meaningful unclaimed share inside the existing competitive set Government Demand Available: State capital and 2027 legislative session business to capture Below Replacement Cost: Fee simple midscale priced well inside new-build economics Limited Near-Term Supply: Nothing in the submarket pipeline delivers before 2028 Property & Location HighlightsCerrillos Road Corridor: Positioned on Santa Fe’s primary commercial corridor near Santa Fe Place regional mall at 4250 Cerrillos Road, with quick I-25 access and a direct run to the historic Plaza. Efficient Physical Plant: Two-story interior-corridor masonry building on 1.26 acres with 72 surface spaces, pool, fitness center and business center. State Capital Demand: New Mexico’s seat of government, with a 60-day legislative session convening January 19, 2027. Regional Medical Anchor: CHRISTUS St. Vincent, Northern New Mexico’s only full-service health system, with 200 licensed beds and more than 2,300 associates. Cultural Tourism Base: Meow Wolf sits in the hotel’s own zip code, with the Plaza, Canyon Road, Santa Fe Opera and Indian Market driving year-round leisure demand. Positive Recent Trend: July 2026 RevPAR grew 12.5% while the competitive set declined 6.5%, a 15-point gain in RevPAR Index. 

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Elkhorn Lodge-36 Units, Huge Potential! listing image
Sale Hospitality

Elkhorn Lodge-36 Units, Huge Potential!

2663 US-84, Chama, NM 87520

  • $2.8M
  • 9 ac

Welcome to paradise, set on 8.5± wooded acres where the Rio Chama runs along the Western boundary, the Elkhorn Lodge is one of the most distinctive riverfront properties in Northern New Mexico and one of the only lodging properties in the Chama Valley with direct river frontage.Established in 1951 and operating continuously ever since, the lodge has been a fixture of the Chama Valley for seventy-five years, serving generations of travelers as both a mountain retreat and a community gathering place. It sits at the southern gateway to Chama Village on US Highway 84. The first lodging property every visitor passes on the way into town, complete with a classic ranch-style entrance, mature cottonwoods and pines shading grass-covered grounds, and open views to the Cumbres Mountains to the North. The property is operational today and under professional management, offering a new owner a running business rather than a project.The offering includes 36 accommodation units across three distinct product types: 22 motel-style rooms with private baths and private porches, 12 individually themed country cabins with full kitchens sleeping two to ten guests, and two seasonal units. Complemented by a full-hookup RV site and eight dry campsites. Guests enjoy a covered events pavilion, a riverfront fire pit, two horse corrals, a dog-friendly river trail, a children's play area, barbecue grills, and trout fishing steps from the door. A 1,200± square-foot two-bedroom owner's/manager's quarters allows an owner-operator to live on site.The location is the property's quiet advantage. The Cumbres & Toltec Scenic Railroad, a National Historic Landmark and one of the last surviving narrow-gauge steam railroads in America is only 2.7 miles away. Sargent Wildlife Management Area is 3.8 miles, Heron Lake State Park is just up the road, and Ghost Ranch and Georgia O'Keeffe's Abiquiú country lie 43 miles South. Three national forests, blue-ribbon trout water, and some of New Mexico's best elk and mule deer country surround the valley. That mix draws four distinct groups of travelers anglers, hunters, outdoor recreation visitors, and cultural travelers all on top of the railroad's national following, giving the valley unusually well-rounded demand for a town its size. "Frommer's" Travel Guide has called Chama "New Mexico's undiscovered Durango — without the masses."Seventy-five years of history, an irreplaceable riverfront setting, and real room for a new owner to leave their mark. Rare opportunity with huge growth potential. Call or email us for more info…….Steve Grant - 505-238-0308 8.5± acres of Rio Chama riverfront — one of the only lodging properties in the Chama Valley with direct river frontage; mature cottonwood and pine canopy, grass grounds, and Cumbres Mountain views.36 accommodation units across three product types — 22 motel rooms with private baths and porches, 12 individually themed country cabins with full kitchens (sleeping 2–10), and 2 seasonal units.Plus a full-hookup RV site and 8 dry campsites (potential) — multiple price points reaching multiple traveler segments year-round.Covered events pavilion and riverfront fire pit — an established setting for weddings, family reunions, and group retreats, with room to grow the events side of the business.Two horse corrals on site — serving equestrian travelers, hunting parties, and trail riders; an amenity almost no competing property in the region can offer.Trout fishing directly on the property — brown and rainbow trout in the Rio Chama, no vehicle or guide required.Gateway location on US-84 — the first lodging property at the southern approach to Chama Village, with strong highway visibility and a ranch-style entrance.Surrounded by Northern New Mexico's best recreation — Cumbres & Toltec Scenic Railroad 2.7 mi, Sargent Wildlife Management Area 3.8 mi, Heron Lake State Park nearby, Ghost Ranch and Abiquiú 43 mi, with three national forests and premier elk and mule deer country at the doorstep.Owner's/manager's quarters — 1,200± sq. ft., 2 bedrooms / 1 bath, allowing true owner-operator living on site.Four distinct traveler markets feed the valley — anglers, hunters, outdoor recreation visitors, and cultural travelers, on top of the Cumbres & Toltec's national following; demand that isn't dependent on any single season or audience.Operating continuously since 1951 and professionally managed today — a running business with an established guest base, not a project to restart.Seventy-five years of name recognition, with room to add value — the land, river, and location are irreplaceable; cabin and room refreshes, expanded wedding and events programming, and activating the RV and camping inventory offer a new owner a clear path to build on what's already here.Financial & additional information is available to qualified buyers upon execution of a confidentiality agreement (NDA).Steve Grant - GP Real Estate, LLC - Keller Williams Realty #52493 - 505.238.0308 - steve@grantprop.com - (Note: Steve & Kara Grant are 15 years veterans a former Bed & Breakfast operation - Albuquerque, NM - they know the hospitality business.)

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1302 W ROUTE 66 BLVD listing image
Sale HospitalityOther

1302 W ROUTE 66 BLVD

1302 W Route 66 Blvd, Tucumcari, NM 88401

  • $1.2M
  • 15,785 SF building
  • 2 ac

PRICE REDUCED! I am pleased to present a unique and exciting investment opportunity: a well-maintained 15,785 square foot motel for sale on Historic Route 66 in Tucumcari, New Mexico. Originally constructed as a full-service Ramada, this property is strategically located just off the popular Route 66 Highway. This established motel features 57 rentable rooms and an approximately 1,200 square foot live-in apartment, suitable for an owner/user or property manager. The property also includes a fully equipped commercial kitchen, ideal for a restaurant, and a full liquor license. Zoned Commercial, this property offers an exceptional opportunity for hospitality, full-service, or entrepreneurial ventures. This location capitalizes on the enduring appeal of Route 66, a significant part of American culture since 1926. With its prime location, generous square footage, and comprehensive amenities, this property is an ideal investment for those looking to make a significant impact in a vibrant market and a landmark for Route 66 travelers. This represents a strategic investment opportunity.  Prime Location situated on Historic Route 66, a major tourist route.20 year Established Business with 57 rentable rooms Great Income Potential features a full-service lounge/bar, commercial kitchen, rentable event space, and coin-operated guest laundry.Owner/User Opportunity Includes a 1,200 sq ft owner/manager apartment.Amenities include an outdoor swimming pool, commercial ice machine, and flat-screen TVs in most rooms.Seller Incentives provide an allowance for upgrades.Development Potential with ample space for customization and expansion.Close proximity to Mesalands Community College, local amenities, museums, and the Natural Sciences Lab.Ideal for hospitality, full-service and/or entrepreneur ventureStrategic investment opportunity

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Holiday Inn Express & Suites Portales, NM listing image
Sale Hospitality

Holiday Inn Express & Suites Portales, NM

1901 W 2nd St, Portales, NM 88130

  • $4.7M
  • 38,158 SF building
  • 3 ac

Do not disturb Operator or Staff, see broker for more information.Tammen Hospitality Partners is pleased to present the Holiday Inn Express & Suites Portales, a 65-room, three-story, interior-corridor hotel on 2.58 acres at 1901 W. 2nd Street (US 70) in Portales, New Mexico. Built in 2006 and renovated in 2018, the hotel offers 17 suites, an indoor pool and whirlpool, a fitness center and a meeting room. It commands the highest average daily rate in its competitive set, backed by IHG One Rewards distribution. Demand comes from Eastern New Mexico University, minutes away, and Cannon Air Force Base, less than 15 miles north. Ørsted's 200 MW Blackwater Solar project, now under construction between Portales and Clovis, adds a new source of midweek demand through late 2027.https://www.tammenhospitality.com/exclusive-listings?propertyId=hiexportales Investment HighlightsRate Leader: Highest ADR in STR competitive set Refreshed Product: IHG mid-cycle improvements, 2025-26 Value-Add Upside: Room to grow midweek occupancy and margins New Midweek Demand: Utility-scale solar build under way between Portales and Clovis Barriers to Entry: No new branded supply announced in Portales Property & Location HighlightsUS 70 Corridor: On W. 2nd Street (US 70), about a mile from downtown Portales, on the route between Clovis and Roswell Eastern New Mexico University: Minutes from campus, where fall 2025 enrollment topped 6,000 for the first time since 2018 Cannon Air Force Base: Less than 15 miles north, home to the 27th Special Operations Wing Market Rate Leader: Commands roughly a 28% ADR premium to its STR comp set Blackwater Solar: Ørsted’s 200 MW project under construction through late 2027, adding midweek demand Suite-Heavy Product: 17 suites, indoor pool and whirlpool, fitness center, meeting room and hot breakfast 

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Robin Hood motel listing image
Sale Hospitality

Robin Hood motel

1342 S 2nd St, Raton, NM 87740

  • $875K
  • 19,544 SF building
  • 2 ac

FOR SALE IN RATON, NEW MEXICO—THE ROBIN HOOD MOTEL AND ADDITIONAL PROPERTIES AND ACREAGE! This listing presents an exceptional opportunity for entrepreneurs and investors alike. Situated on 2.35 acres, this offering includes the 22-room Robin Hood Motel, a fully equipped attached restaurant, a single-family residence, a habitable manufactured home, a freestanding manufacturing or warehouse building, and additional vacant land. With flexible mixed-use potential and multiple income streams, this property is ideal for hospitality, housing, or commercial development. Located in the heart of Raton near I-25 and the scenic mountain corridor, it's perfectly positioned for tourism, business growth, and long-term investment in one of northern New Mexico's most treasured communities!

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