Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1991
Sq.Footage
N/A
The Red Roof Inn, conveniently located just 3 miles away from the esteemed Statesboro University, has undergone an impressive transformation with recent renovations that enhance both its aesthetic appeal and functionality. Guests will appreciate the brand-new roof, which comes with a robust 15-year warranty, ensuring peace of mind for years to come. Among its 65 well-appointed rooms, 10 luxurious suites provide an elevated experience, while 2 rooms have been specially designated for housekeeping purposes. This property generates a remarkable $870,000 in gross annual revenue, showcasing its strong performance in the hospitality sector. With a competitive Average Daily Rate (ADR) of $65, the inn enjoys a stable occupancy rate ranging from 60% to 65%, making it an attractive investment opportunity. Interested investors and potential buyers are encouraged to reach out to the listing agent for further details. The asking price is flexible, and arrangements for private loans have already been pre-approved, easing the path to ownership. Viewings of this vibrant business are offered by appointment only, and it is important to note that the property is currently staffed by dedicated employees who ensure it runs smoothly.
Features & Amenities
Interior
-
Other Interior Features
Other
Area & Lot
-
Lot Size(acres)
1.33
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding
-
Parking
Parking Lot
Financial
-
Sales Price
$3,700,000
-
Tax Amount
30000.0
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Location
County
Bulloch
Elementary School
Middle School
High School
Listing Courtesy of PIYUSHA ZOPE , Virtual Properties Realty.com
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