Price Per Unit
$30,000
Units
50
Gross SQFT
9,088
Year Built
2021
Property Type
Hospitality
LEAD LISTING AGENT
Email
[email protected]
License No.
SA704786000 (AZ)
Direct
+1 (602) 946-4371
Mobile
+1 (253) 486-3467
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS:
- Strategic Positioning – This property is located directly off Route 66 and is a main travel point between Arizona and New Mexico.
- High Traffic Counts – Route 66 sees the travel of ±14,000 vehicles per day giving this property a consistent flow of highway travelers.
- Nearby Attractions – The hotel is within proximity to all major attractions within Gallup including the Route 66 Loop Statue, Rex Museum, Gallup Cultural Center, Red Rock Park, and Petrified Forest National Park.
- Medical Proximity – The Econo Lodge is within a few minutes’ drive of all major hospitals within the city including: Gallup Indian Medical Center, US Indian Health Services, and the University of New Mexico Gallup Specialty Care Clinic.
- Hotel Features – All 50 rooms include updated furnishing and AC units and the hotel has a free hotel shuttle that travels to and from major casinos within Gallup.
- Value Potential – With renovations to the exterior and lobby, the hotel sales will grow. The property would benefit from hands-on ownership and there is significant room for growth.
- Restaurant Synergy – The local area supports the following dining options for guests: Cracker Barrell, Denny’s, Subway, Wendy’s, Del Taco, Sonic Drive-In, Burger King, Carl’s Jr, and Taco Bell.
Broker of Record
- Kyle Matthews
- License No. 19601 (NM)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203