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Hotel-Motel

Red Roof Inn Gallup

3304 W Historic Hwy 66, Gallup, NM 87301

Listing Price: $5,600,000

Cap Rate
9.70%
Number of Rooms
104
RevPAR
$41
Gross SF
52,000
Price/Room
$53,846
Price/Gross SF
$107.69
Year Built
1988

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Gallup, a two-story exterior corridor hotel located in Gallup, New Mexico. The hotel consists of 104 guest rooms and offers amenities including an outdoor pool, business center, fitness center, and complimentary breakfast.

The Red Roof Inn Gallup is located off Interstate 40 which gives you direct access to Flagstaff and Albuquerque. Gallup is known for its deep roots in the Native American culture.

The Red Roof Inn represents the opportunity to acquire an already well-performing hotel with more operational upside. Over the last decade the property has consistently outperformed its comp set and is currently performing at a 10.0% cap rate on actual numbers.

Investment Highlights

  • 2 Story Exterior Corridor Property Located off I-40 and US Route 66
  • Consistently Outperforms the Comp Set
  • Operational Upside
  • 9.7% Cap Rate off Trailing 12 Months August 2023

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Hotel-Motel

Red Roof Inn Gallup

Listing Price: $5,600,000

Cap Rate
9.70%
Number of Rooms
104
RevPAR
$41
Gross SF
52,000
Price/Room
$53,846
Price/Gross SF
$107.69
Year Built
1988

Investment Highlights

  • 2 Story Exterior Corridor Property Located off I-40 and US Route 66
  • Consistently Outperforms the Comp Set
  • Operational Upside
  • 9.7% Cap Rate off Trailing 12 Months August 2023

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Gallup, a two-story exterior corridor hotel located in Gallup, New Mexico. The hotel consists of 104 guest rooms and offers amenities including an outdoor pool, business center, fitness center, and complimentary breakfast. The Red Roof Inn Gallup is located off Interstate 40 which gives you direct access to Flagstaff and Albuquerque. Gallup is known for its deep roots in the Native American culture. The Red Roof Inn represents the opportunity to acquire an already well-performing hotel with more operational upside. Over the last decade the property has consistently outperformed its comp set and is currently performing at a 10.0% cap rate on actual numbers.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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