Motel 6 Grants

1505 East Santa Fe Avenue, Grants, NM

IN CONTRACT

$3,475,000

Price

31,347 sqft

Building Size

1.74 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
31,347 sqft
Lot Area
1.74 acres
Keys
100
Year Built
1978
Floors
2
Description

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 located in Grants, New Mexico. This property is well located near Interstate 40, 1 hour west of Albuquerque.

Broker of Record: Dinesh "Dan" Rama | NewGen Advisory NM, LLC | License No.: 20316

Business and tourism are an important role in the Grants economy. The city has been actively working to promote itself as a tourist destination and is located near several outdoor recreational areas such as the El Malpais National Monument and the El Morro National Monument. The city is also located on Historic Route 66, which draws many visitors each year. The growth of tourism in Grants can have a positive impact on the local economy and can lead to increased occupancy rates for hotels in the area.

Highlights
  • 100 rooms, 2 stories
  • $34,750/key
  • 2023 Revenue: $1,304,580
  • Well priced at a 2.66x multiplier of the 2023 Revenue
  • 2022 NOI - $410,610
  • Manager's Apartment Onsite
Location
Gallery