Albuquerque, NM (KKOB) — The historic St. James Hotel in Cimarron, New Mexico, has been acquired by M Vacation Properties & Resorts, which is headquartered in Red River. The company says they will keep the property mostly as it was when it shut its doors in September, with the addition of new menu items in the hotel’s restaurant. They also plan on holding various events and concerts during the summer. The tentative plan is to reopen for booking on December 20th. The hotel was built in the late 1800’s.