For Sale
$5,350,000

3304 West Highway 66Gallup, NM 87301

Red Roof Inn – Gallup, NM

Overview

Added:
Jan 28
Days on market:
68
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Red Roof Inn – Gallup, NM. This property is well located near Interstate 40 and is less than 3 miles from the Gallup Municipal Airport. This Red Roof is outperforming the comp set and is a great cash flowing asset.

Location Description
The economy of Gallup is built around tourism. Many visitors come to explore the natural beauty and experience the rich culture and traditions of the local Native American Tribes. Red Roof Inn – Gallup, NM is located near several outdoor recreation areas, including El Morro National Monument, the Chaco Culture National Historical Park, and the Zuni Mountain. These areas offer hiking, camping, fishing, and other outdoor activities for visitors to enjoy. Gallup is the hub for for commerce and trade, which means there’s a constant stream of business travelers, requiring lodging during their stay.

Highlights

  • 103 units, 2 story, exterior corridor Located on I-40 and 2 hours from Albuquerque 2022 room revenue: $1,699,534 2023 room revenue: $1,557,561 TTM November 2024 Revenue: $1,478,611 Offered at a 3.62x multiplier of the TTM Nov ’24 Revenue

Property Details for 3304 West Highway 66

Property type
Hotels, Hospitality properties
Square Feet
52,000 SF
Price / Square Foot
$102.88
Year Built
1988
Buildings
1
Stories
2
Elevators
N/A
Units
103

Location Insight

City
Gallup
County
State
New Mexico

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3304 West Highway 66
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