Red Roof Inn & Suites

July 26, 2019

Price: $2,495,000

Location: VA

Units: 96

PRICE REDUCTION

Property Overview: 

This 96-unit limited service Red Roof Inn & Suites is ideally located just off 2 major Interstates, and within close proximity an array of area demand generators.

The facility is two-story “U” shaped structure consisting of 96 exterior corridor guest rooms, large spacious lobby, breakfast room, and guest laundry, all of which is situated on +/- 4.00 acres of land.

Physical Features: 

  1. Exterior Corridor Guestrooms
  2. Two-Story Building
  3. Guest Laundry
  4. Solid Construction
  5. +/- 4.00 Acres of Land (Fee Simple)

Investment Considerations:

  1. Ideally located just 2 major interstates, and within close proximity to an array of area demand generators
  2. Operated by a 3rd Party Management Company
  3. Priced well below replacement cost at $28,096 per unit
  4. Excellent investment opportunity for a first-time buyer
  5. Red Roof Inn voted America’s Best Budget Hotel Brand by USA Today Readers for 2017 & 2018
  6. Absentee “out of state” ownership
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