Overview

Description

Red Roof Inn in Sylacauga, Alabama being offered for sale together with 14 townhomes. The two properties can be sold separately. Located off US 280, 40 miles SE of Birmingham, 55 miles north of Montgomery. The properties sit on 6.75 acres and were built in 1983 and 1989. The two story hotel is exterior corridor, with large lobby, breakfast area and business center. Additionally in the same office building is a 3,000 SF restaurant with separate entrance, that could be renovated and leased for additional revenue. The hotel underwent full renovation in 2018-2019 and seller’s PIP was completed. Franchise agreement expiring in 2026. The property is currently fully staffed with absentee owner. 

The townhomes are two story, approximately 1,200 SF each, with 2 bedrooms, 1.5 bath, living space, laundry room and kitchen. All units were renovated in 2019 and have high occupancy history. All buildings have metal roof. Both hotel and townhomes are managed from the hotel front desk. Owner may consider seller finance, lease to purchase. Included in the sale is additional land on the west side of the parcel that can be used for expansion.  

Downtown antique shops, boutiques, dining and entertainment as well as DeSoto Caverns Park, gold panning, mini golf and go-carts are all within a short distance. Talladega County has seen a boost in development in the automotive and calcium carbonate areas of the economy, due to large-tract industrial property accessibility.



Off US 280 1 mile from Talladega Municipal Airport
45 miles from Birmingham International Airport
300 miles from Deepwater Port, Mobile, AL




Off US 280 
44 hotel rooms + 14 townhomes  
Exterior corridor hotel 
PIP completed in 2019
3,000 SF Restaurant with separate entrance
Additional land for expansion
Premium High Speed Internet
1 mile from Talladega Municipal Airport 
45 miles from Birmingham International Airport
300 miles from Deepwater Port, Mobile, AL

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