Sep 022012
 


There are new owners of the old Redwood Lodge by the Tucumcari Convention Center, they’ve been completely remodeling the place for student housing, and I have been told the place looks great.

They gave the place a nice new paint job, all new doors, new a/c, with work done to the exterior and the interior. All 24 rooms will receive a makeover. The units will be fully furnished, utilities and Wi-Fi will be included.

The story is this is a retired family out of Santa Fe NM, who during this economy couldn’t get satisfactory returns on investments with stocks, CD’s and the likes, decided to invest in some real estate rehab projects. Rumor has it they might be interested in buying the Historic Odeon Theatre in Tucumcari, which is on the National Historic Register and for sale by its long time owner, who simply wishes to retire.

They are planning on reopening the Redwood Lodge as student housing for the students who are (or are planning to attend) Mesalands Community College.

It’s a nice change seeing most older motels are being converted to monthly rentals and start slowly deteriorating to the point where they are no longer inhabitable.

Click HERE for their website.

Sorry, the comment form is closed at this time.