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Hotel-Motel

Red Roof Inn Kingman

3275 E Andy Devine Ave, Kingman, AZ 86401

Listing Price: $4,950,000

Cap Rate
8.10%
Number of Rooms
65
RevPAR
$49
Gross SF
20,340
Price/Room
$76,154
RRM
4.50
Price/Gross SF
$243.36
Year Built
1993

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Kingman, a two-story limited service hotel located in a desirable Arizona market. The hotel consists of 65 newly renovated rooms with two exterior corridor buildings. Hotel amenities include wood-like flooring, flat-screen TVs, Free Wi-Fi, microwaves, mini-refrigerators, and free grab & go breakfast. The property benefits from a strong transient demand due to its location in Kingman, which is located in northwest Arizona, right off of I-40 and Route 66 between Phoenix and Las Vegas.

The Red Roof Kingman represents the opportunity to acquire a recently renovated economy hotel with proximity to world renowned destinations such as Las Vegas, Grand Canyon, and Route 66, to name a few. The sale also comes with a potential revenue-generating 4 bedroom 3 bath home or spacious managers quarters that is situated on the back side of the property and includes its own garage. This value-add property can be acquired at a price well below replacement cost. Our Pro Forma analysis assumes an investor will continue utilizing operating efficiencies and achieving modest revenue growth.

Investment Highlights

  • Recent Renovations
  • Red Roof Circle of Excellence Award Recipient
  • Potential Additional Revenue-Generating Home or Spacious Managers Quarters Included
  • High Transient Demand from Interstate 40 and Route 66
  • Just Over an Hour Drive to Las Vegas and the Grand Canyon
  • Near Mojave County Fairgrounds, AZ Route 66 Museum & Hualapai Mountain Park

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $4,950,000

Cap Rate
8.10%
Number of Rooms
65
RevPAR
$49
Gross SF
20,340
Price/Room
$76,154
RRM
4.50
Price/Gross SF
$243.36
Year Built
1993

Investment Highlights

  • Recent Renovations
  • Red Roof Circle of Excellence Award Recipient
  • Potential Additional Revenue-Generating Home or Spacious Managers Quarters Included
  • High Transient Demand from Interstate 40 and Route 66
  • Just Over an Hour Drive to Las Vegas and the Grand Canyon
  • Near Mojave County Fairgrounds, AZ Route 66 Museum & Hualapai Mountain Park

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Kingman, a two-story limited service hotel located in a desirable Arizona market. The hotel consists of 65 newly renovated rooms with two exterior corridor buildings. Hotel amenities include wood-like flooring, flat-screen TVs, Free Wi-Fi, microwaves, mini-refrigerators, and free grab & go breakfast. The property benefits from a strong transient demand due to its location in Kingman, which is located in northwest Arizona, right off of I-40 and Route 66 between Phoenix and Las Vegas.

The Red Roof Kingman represents the opportunity to acquire a recently renovated economy hotel with proximity to world renowned destinations such as Las Vegas, Grand Canyon, and Route 66, to name a few. The sale also comes with a potential revenue-generating 4 bedroom 3 bath home or spacious managers quarters that is situated on the back side of the property and includes its own garage. This value-add property can be acquired at a price well below replacement cost. Our Pro Forma analysis assumes an investor will continue utilizing operating efficiencies and achieving modest revenue growth.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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