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Lodge for Sale
Chama, New Mexico
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Property Description
| Nestled on the banks of the Rio Chama where blue ribbon trout fishing awaits, the Elkhorn Lodge in Chama, New Mexico has been host to thousands of visitors worldwide for 50 years. |
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Elkhorn Lodge features 22 spacious motel rooms, all equipped with Cable TV, in-room telephones, and full baths.
It also offers 11 country cabins with fully equipped kitchens, free WiFi Internet, Cable TV and telephone. Each cabin has its own porch for relaxing. |
| Situated on approximately 8 acres of fee simple land (owned).
In 2005 and 2007 the owners upgraded cabins and motel units, added a Pavilion/kitchen/bath for customer use and an enclosed Jacuzzi unit.
The cabins accommodate from two to ten people and are excellent for small groups and families.
The sale includes a full size mobile home on the property |
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The original lodge was built in 1950 and is ideally situated on the main highway leading into Chama. |
Top 10 Demand Generators:
- Cumbres & Toltec Scenic Railroad
- Family Reunions/Group Gatherings
- Summer vacationers(Circle Drive tours include N. NM & S. CO)
- Bicycle/Motorcycle Groups
- Mixed outdoor enthusiasts/Photographers/Artists/Writers
- Hunters
- Fishing/Boating on area lakes/rivers
- Construction workers
- Winter sports enthusiasts (X-Skiing, Snowmobiling)
- Other, (business, leisure, family)
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Financial Summary
| Price |
$1,250,000 CASH |
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| Number of Units |
34 consisting of 22 Guestrooms And 11 Cabins And 1 mobile home |
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Note:
- Began closing lodge Jan-Apr in 2009.
- 2008 was last normal season.
- 2009 general economy was down.
- 2010 Train trestle fire in June 2010 had significant negative impact on Chama. This downturn was reflective of entire town of Chama.
- 2011 Train scheduled to return to normal schedule. This should bring revenues back up.
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