Hotel-Motel
Red Roof Inn Gallup
3304 W Historic Hwy 66, Gallup, NM 87301
Listing Price: $5,600,000
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
Financing By
Listing Price: $5,600,000
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
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Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
