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Hotel-Motel

Red Lion Hotel Grants

1501 E Santa Fe Ave, Grants, NM 87020

Listing Price: $1,500,000

Number of Rooms
125
Price/Room
$12,000
Year Built
1976

Investment Overview

Marcus & Millichap has been selected to market for sale a former Red Lion Hotel Grants, a 125-room, interior-corridor with garden atrium property located at 1501 East Santa Fe Avenue in Grants, New Mexico. The property is conveniently situated on 5.12 acres of land along Historic Route 66. Amenities include an indoor swimming and hot tub, on-site restaurant and bar, 4,140 SF of meeting space and ample truck & RV parking.

The subject property is a bank-owned hotel ideal to reposition or convert to other permitted uses. Grants, New Mexico is a city in Cibola county, the youngest county in the state, home to four Native American tribes, and a key role in mining and forest restoration industries. The region offers scenic vistas of mountains and mesas, historical attractions, a national forest, national monuments, state parks and many forms of outdoor recreation.

Investment Highlights

  • Minutes to Grants-Milan Municipal Airport
  • Minutes to El Mapais National Monument, NM Mining Museum & Route 66 Museum
  • Conveniently Located off of Interstate 40

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Listing Price: $1,500,000

Number of Rooms
125
Price/Room
$12,000
Year Built
1976

Investment Highlights

  • Minutes to Grants-Milan Municipal Airport
  • Minutes to El Mapais National Monument, NM Mining Museum & Route 66 Museum
  • Conveniently Located off of Interstate 40

Investment Overview

Marcus & Millichap has been selected to market for sale a former Red Lion Hotel Grants, a 125-room, interior-corridor with garden atrium property located at 1501 East Santa Fe Avenue in Grants, New Mexico. The property is conveniently situated on 5.12 acres of land along Historic Route 66. Amenities include an indoor swimming and hot tub, on-site restaurant and bar, 4,140 SF of meeting space and ample truck & RV parking.

The subject property is a bank-owned hotel ideal to reposition or convert to other permitted uses. Grants, New Mexico is a city in Cibola county, the youngest county in the state, home to four Native American tribes, and a key role in mining and forest restoration industries. The region offers scenic vistas of mountains and mesas, historical attractions, a national forest, national monuments, state parks and many forms of outdoor recreation.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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