Red Roof Inn & Suites

316 S Main St, Statesboro, GA

$1,900,000

Price

33,000 sqft

Building Size

1.33 acres

Lot Area

Overview
Building Size
33,000 sqft
Lot Area
1.33 acres
Keys
65
Occupancy
55%
Year Built
1991
Floors
2
Description

Red Roof Inn is located in historic Statesboro, GA. 2 story, exterior corridor hotel with 59 rooms. PIP and renovation mostly completed in 2018 and finishing touches being done now, with just exterior paint and parking lot strip remaining. Priced below replacement cost at $1,900,000, $32,200 per room. 2019 revenue is trending towards $600,000. Franchise agreement initiated June 2016 for 10 years, with 5 year window. Manager apartment with 2 bedrooms and 2 full bathrooms. Growing community with 35,000+ residents, increased construction and new influx of businesses moving to the area. New retailers including Aldi, car dealers and health care facilities are set to open in the near future.

Off Hwy 316 that connects to I-16 connecting to Macon/Atlanta or Savannah

Highlights
  • Newly renovated
  • Adjoining restaurants, minutes to Statesboro Mall, GATA Park, Jumping Place Skydiving Central, and Splash in the Boro Water Park
  • Short distance from Georgia Southern University and Ogeechee Technical College
  • 1 hour from historic Savannah
  • Growing development in the area
Documents

Location
Gallery