200 W Broadway St
Silver City, NM 88061
The Murray Hotel · Hospitality Property For Sale · 58,000 SF

Property Overview: The Murray Hotel in Silver City, New Mexico is a 50-room, newly renovated in 2012, and independently-branded hotel. The Art Deco style is reflected throughout the hotel and includes energy-efficient systems. This property houses the largest ballroom in the city, and attracts multiple events throughout the year. The guest rooms feature a flat-screen television and select rooms include sofas. The common area amenities include a guest community area and breakfast dining area. Location Overview: Silver City, New Mexico resides in Grant County and is in the southwest corner of the state which sits 154 miles west of El Paso, Texas and 201 miles east of Tucson, Arizona. The Murray Hotel Silver City is positioned on 200 West Broadway Street and travelers are attracted to the old west heritage and the distinctive arts and entertainment community. The region is rich with natural commodities which have promoted the local economy for the past century. The Freeport-McMoran Copper and Gold (0.7 miles) mining company has a dominant presence in the area and is a leading international company with headquarters in Phoenix, Arizona. The company operates two mines in the region, including Chino and Tyrone which is an open-pit copper mining complex and generates an estimated $163.2 million in economic benefits for Grant County and approximately $378.3 million for New Mexico in 2017. An additional room demand generator includes the Grant County Veterans Memorial Business & Conference Center (3.1 miles) and they completed extensive renovations in 2017 that offers 20,000 square feet of event space. The facility hosts a multitude of events including professional meetings, conventions, weddings, retreats, and shows monthly. For centuries, leisure travelers have been drawn to the city to visit the Gila Wilderness and Gila Cliff Dwellings (45.6 miles) which were developed in the late 1200's from the people of Mogollon Culture. Furthermore, the Western New Mexico University houses more than 3,500 students and awards 500 degrees each year generating room demand for scholarly events and student activities. Broker of Record Matt Reeves License: 19583