Red Roof Inn - PA

Property Description: This 3 Story, Interior Corridor Red Roof Inn was fully renovated in 2016 at a cost of $900,000. Renovations include new FF&E, Guestroom updates, Lobby and Breakfast room renovation, exterior updates, new roof, new signs, new PTAC units, and new manager's apartment. The Red Roof Inn has 100 keys, 2 and 3 stories, and interior corridors. The property has 5 acres which has extra land which can be leased for additional income. Revenues in 2019 are near $900,000! Up $100,000 Over 2018 Revenues! Revenues are expected to grow over $1,000,000 in 2020. Additional Upside Potential for a new owner! Net operating income is over $350,000 for TTM October 2019! Additional revenues may be generated by operating or leasing the huge banquette room on property! Huge summer demand from groups and families! Offered at 10.2% Cap Rate! Seller will consider all fair and equitable offers!