National 9 Gillette - 1020 E US Hwy 14-16
79-Room Economy Hotel along US Highway 14-16 in WY
Marketing description
Listed by Michele Reality, Inc., the National 9 Inn is a 79-room, two-story economy hotel built in 1976 and strategically located along US Highway 14-16 in Gillette, Wyoming. Positioned on a 3.28-acre parcel (142,877 SF) with C-zoning, this asset offers excellent visibility and accessibility for both leisure and business travelers.
The property features 3,728 SF of meeting/event space, a restaurant, bar, pool, and business center, supported by ample surface parking (104 spaces, 1.32 per room). This interstate location positions the asset for continued strong demand within Campbell County’s hospitality submarket.
Investment highlights
Investment Highlights
Strategic Interstate Location: Strong exposure along US Hwy 14-16, a major route through Gillette, ensuring consistent transient and local demand.
Hospitality Market Trends: Wyoming Area hotels report a 12-month occupancy of 52.8%, ADR of $226.28, and RevPAR of $119.46. Midscale & Economy assets—like National 9—achieve an average 44.2% occupancy and ADR of $109.37, supporting steady cash flow.
Sales Comparables: Recent hospitality transactions in Wyoming show midscale & economy hotels trading between $32K–$65K per key, with cap rates averaging 9–10%, indicating attractive yields for investors.
Tenant Anchor: On-site commercial tenant Wyoming Horse Racing LLC (500 SF leased space) provides supplemental rental income.
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