A two-story motel in Raton, New Mexico is being listed for sale for $2.4 million.
Built in 1977, the motel is branded as a Travelodge by Wyndham and is in a defined Opportunity Zone at 1600 Cedar Street.
With exactly 100 rooms, the motel measures 28,000 square feet and includes an outdoor swimming pool and dining space.
Listed by the Hazen Hospitality Group of Glenwood Springs, Colorado, the motel sits on a 2.3-acre site and is situated in a mostly residential area just off Interstate 25.
Travelodge by Wyndham motels are a spin-off of the original Travel Lodge budget chain launched in southern California in the 1940s. The chain was for decades known for its mascot Sleepy Bear, which appeared on the company’s signs and advertising beginning in the mid-1950s.
By Garry Boulard
