Hospitality•Economy•For Sale

Red Roof Inn

316 S Main St, Statesboro, Georgia 30458

Sale Price $1,900,000
Zoning C3 HOC
Status Existing
Year Built 1991
Year Renovated 2018
Stories 2
Vacancy 55%
Gross Bldg 33,000 SqFt
Land Area 1.33 Acres
Ceiling Height 10.0 Ft
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 $525,000. 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. Retailers entering the market are: Aldi, car dealers and health care facilities, set to open in 2019. Off Hwy 316 that connects to I-16 connecting to Macon/Atlanta or Savannah
  • 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
8/14/2019 9:15:59 PM 12/6/2019 5:37:30 PM
Charlotte Jones
Commercial Director
Atlanta - Peachtree City

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