Red Roof Inn & Suites
Listing was updated at: 09/25/2019
Property Overview
Price/Rent PSF $ 1,900,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 33,000
Date Available 09/25/2019
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Floors 2
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Description

Location
Off Hwy 316 that connects to I-16 connecting to Macon/Atlanta or Savannah



Sale
Red Roof Inn is located in historic Statesboro, GA. 2 story, exterior corridor hotel with 59 rooms. PIP and renovation mostly completed in 2018 and finishing touches being done now, with just exterior paint and parking lot strip remaining. Priced below replacement cost at $1,900,000, $32,200 per room. 2019 revenue is trending towards $525,000. Franchise agreement initiated June 2016 for 10 years, with 5 year window. Manager apartment with 2 bedrooms and 2 full bathrooms. Growing community with 35,000+ residents. Retailers entering the market are: Aldi, car dealers and health care facilities, set to open in 2019.

Location