Former Red Lion Hotel 1501 E Santa Fe Ave Services hôteliers 127 chambres 2 353 669 € (18 533 €/Chambre) Grants, NM 87020

This closed 127-unit hotel in Grants, NM offers a repositioning opportunity in a primary hotel market well-situated on Interstate 40 with excellent accessibility to and from the freeway, and ideally situated between the busy city of Gallup and the metropolitan center of Albuquerque. It is also located just a 10-minute drive from Grants-Milan Municipal Airport, making this asset a well-positioned hotel for traveler demand. Despite being closed, it presents a unique opportunity to capitalize on the local market. Preliminary Property Improvement Plans (PIPs) are available from both Wyndham Garden Inn and Choice Clarion, offering clear pathways for a new owner to re-brand and revitalize the asset into a well-performing hotel.

This two-story, single-building property features existing amenities such as a restaurant, bar, cafe and large central atrium with an indoor pool and hot-tub, and approximately 6,100 square feet of flexible meeting space, enabling diverse operational setups.