3304 W Highway 66 - Hospitality FOR SALE


Gallup, NM 87301
$5,350,000 USD
805-557-8857
3304 W Highway 66, Gallup, NM for Sale
$5,350,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

3304 W Highway 66
Gallup, NM 87301


HIGHLIGHTS

  • 103 units, 2 story, exterior corridor
  • Located on I-40 and 2 hours from Albuquerque
  • 2023 room revenue: $1,557,561
  • 2024 room revenue: $1,490,642
  • TTM September 2025 - $1,441,088

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Red Roof Inn – Gallup, NM. This property is well located near Interstate 40 and is less than 3 miles from the Gallup Municipal Airport. This Red Roof is outperforming the comp set and is a great cash flowing asset. The economy of Gallup is built around tourism. Many visitors come to explore the natural beauty and experience the rich culture and traditions of the local Native American Tribes. Red Roof Inn – Gallup, NM is located near several outdoor recreation areas, including El Morro National Monument, the Chaco Culture National Historical Park, and the Zuni Mountain. These areas offer hiking, camping, fishing, and other outdoor activities for visitors to enjoy. Gallup is the hub for for commerce and trade, which means there’s a constant stream of business travelers, requiring lodging during their stay.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$103 USD /SF

# OF ROOMS

103

PRICE/ROOM

$51,942 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Gallup

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

116

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,207 SF

ZONING

Commercial

APN/PARCEL ID

R606375

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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Andrew PostNewGen AdvisoryMore Info
805-557-8857

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