for sale
Red Roof Inn
3304 West Highway 66 | Gallup, NM 87301
Investment Highlights
- 103 units, 2 story, exterior corridor
- Located on I-40 and 2 hours from Albuquerque
- 2021 room revenue: $1,763,102
- 2022 room revenue: $1,699,534
- 2023 room revenue: $1,744,502
- 3.15x multiplier
Property Description
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.
Location Description
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.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Andrew Post
Senior Vice President
CA #1960611
(805) 557-8857
apost@newgenadv.com
Leyna Farnham
Associate
CA #02238259
(805) 866-0072
lfarnham@newgenadv.com
BROKER OF RECORD
Dinesh “Dan” Rama
NewGen Advisory NM, LLC
NM #20316