103-Unit Hotel Investment
For Sale
$5,350,000
3304 West Highway 66, Gallup, NM 87301
Red Roof Inn – Gallup, NM
Property Size52,000 SF
Price / SF$102.88
Days on Market572
Property Features for 3304 West Highway 66
General Information
Standard status
Active
Property type
Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
Size
52,000 SF
Elevators
N/A
Building Details
Year Built
1988
Buildings
1
Stories
2
Units
103
Listing Agency:
(805) 557-8857
Listed By:
Andrew
(805) 557-8857
Added: Jan 28, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
The Red Roof Inn in Gallup, New Mexico, features 103 units within a two-story building with exterior corridors. The property is located near Interstate 40, less than three miles from the Gallup Municipal Airport. Its location benefits from Gallup's tourism economy, driven by visitors exploring the region's natural beauty and Native American culture. Nearby attractions include El Morro National Monument, Chaco Culture National Historical Park, and the Zuni Mountains. Gallup's role as a commercial and trade hub also ensures a consistent stream of business travelers. The property features a total building size of 52,000 square feet. The hotel's financial performance demonstrates its strength; 2022 room revenue totaled $1,699,534, followed by $1,557,561 in 2023. The trailing twelve months (TTM) revenue as of November 2024 reached $1,478,611.
Key Highlights
- 103 units, 2 story, exterior corridor
- Located on I‑40 and 2 hours from Albuquerque
- 2022 room revenue: $1,699,534
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 87301, NM
22,438
Population
7,776
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
89%
High-School Grad
39.5 sq mi
ZIP Area
568
Density / Sq Mi
$58,302
Median Household Income
$35,574
Median Earnings
$858
Median Rent
$134,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Red Roof Inn – Gallup, NM
Where is this hotel located?
The property is located at 3304 West Highway 66 Gallup, NM.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: 103 units, 2 story, exterior corridor; Located on I‑40 and 2 hours from Albuquerque; 2022 room revenue: $1,699,534
