This 5 year-old, 3 story hotel has 80 rooms and…
This Red Roof Inn includes 26 hotel keys and a 3BR house. Some of its amenities include: exterior entrances on the first floor and interior entrances on the second floor, free parking, and a vending machine. This hotel was built in 1970 and renovated in 2015 to convert it to Red Roof Inn with improvements of $400,000. 2019 TTM Revenue of $435,672 and 42% NOI. Cap Rate of 10.1% and Room Revenue Multiplier of 5.05. Outperforming its Comp Set in Occupancy, 51%, and RevPAR, $43.64. It is situated in a great location, close to several different attractions, colleges and schools, hospitals, recreational areas, and more
Renovation: 2015 – Converted to Red Roof Inn
Type of Service: Limited-Service
Market Segment: Economy
Source of Business: Commercial, Leisure, Transient
Hotel Amenities: Non-smoking Hotel, High Speed Internet, Free Parking, Breakfast Area.
Room Amenities: Flat Screen TV, Mini-Refrigerator, Microwave, Iron & Iron Board.
|Average Daily Rate||$85.51|
|Net Operating Income||$230,690|
|Per Unit Price||$84,615|
|Room Revenue Multiplier||5.1|
|Room Revenue per Room||$16,757|