Ground is broken and the grading underway. The address will be 8 Marietta Court; Edgewood, New Mexico. The location is just south of the freeway behind the Tractor Supply Company and is just 6 miles from the Founders Ranch front gate using paved roads. See this local news article: http://www.mvtelegraph.com/news/new-hotel-coming-to-edgewood/article_693007d6-d9bd-11e5-b349-97478eef6537.html.
May 14, 2016 update: Grading is complete. Some curbing is complete and pillars for exterior lighting have been poured with wiring showing. No foundation poured yet.
Aug 20, 2016 update: There is little apparent progress. The only change I saw was the site is now fenced. Other than that the site looks like it did back in May.
Sept. 4, 2016 update: No change since my last visit to the construction site other than weeds are growing undisturbed.
Nov. 12, 2016 update: construction underway with walls going up. See the following video.