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Hotel-Motel

Red Roof Inn Gallup

3304 W Historic Hwy 66, Gallup, NM 87301

Listing Price: $4,900,000

Cap Rate
9.20%
Number of Rooms
104
RevPAR
$43
Gross SF
20,000
Price/Room
$47,115
RRM
3.00
Price/Gross SF
$245.00
Year Built
1988

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Gallup, a two-story limited service hotel conveniently located off of Interstate 40 in Gallup, New Mexico. The hotel consists of 104 guest rooms and offers amenities including an outdoor pool, business center, fitness center, complimentary breakfast and guest laundry facilities. Gallup is located near the New Mexico-Arizona border and two hours from Albuquerque. The Red Roof Inn Gallup represents the opportunity to acquire a franchised hotel in Western New Mexico. The property has consistently outperformed its comp set and is currently performing at an 10.4% cap rate on actual numbers. Our Pro Forma analysis assumes an investor will maintain operating efficiencies and gain additional business upon completion of the PIP.

Investment Highlights

  • 10%+ Cap Rate
  • Priced at $47k Per Key
  • Renovations Completed in 2019 & 2020
  • Located Off of Interstate 40/Route 66 | Significant Transient Demand
  • Nearby Attractions Include Gallup Cultural Center, Rex Museum, El Morro Theater and Church Rock

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Listing Price: $4,900,000

Cap Rate
9.20%
Number of Rooms
104
RevPAR
$43
Gross SF
20,000
Price/Room
$47,115
RRM
3.00
Price/Gross SF
$245.00
Year Built
1988

Investment Highlights

  • 10%+ Cap Rate
  • Priced at $47k Per Key
  • Renovations Completed in 2019 & 2020
  • Located Off of Interstate 40/Route 66 | Significant Transient Demand
  • Nearby Attractions Include Gallup Cultural Center, Rex Museum, El Morro Theater and Church Rock

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Roof Inn Gallup, a two-story limited service hotel conveniently located off of Interstate 40 in Gallup, New Mexico. The hotel consists of 104 guest rooms and offers amenities including an outdoor pool, business center, fitness center, complimentary breakfast and guest laundry facilities. Gallup is located near the New Mexico-Arizona border and two hours from Albuquerque. The Red Roof Inn Gallup represents the opportunity to acquire a franchised hotel in Western New Mexico. The property has consistently outperformed its comp set and is currently performing at an 10.4% cap rate on actual numbers. Our Pro Forma analysis assumes an investor will maintain operating efficiencies and gain additional business upon completion of the PIP.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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