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 Up $30K YTD Thru February! Revenues in 2019 are near $900,000! Up $100,000 Over 2018 Revenues! Upside Potential for a new owner! Additional revenues may be generated by operating or leasing the huge banquette room on property! Huge summer demand from groups and families! Price Reduced by $700,000 to $2,595,000!
Type of Service: Limited Service
Market Segment: Economy
Source of Business: Commercial, Leisure, Transient, Group
Hotel Amenities: Non-Smoking Hotel, High Speed Internet, Free Parking, Bus/Truck Parking.
Room Amenities: Coffee Maker, Hairdryer, Refrigerator, Microwave, Personal Heat/AC Unit.
|Average Daily Rate||$63.47|
|Net Operating Income||$376,000|
|Per Unit Price||$30,950|
|Room Revenue Multiplier||3.3|
|Room Revenue per Room||$9,400|