1593 Main St
Chipley, FL 32428
Red Roof Inn Chipley on 3.48 acres · Hospitality Property For Sale · 12,880 SF

Great opportunity to own a 32 unit Red Roof Inn with additional detached restaurant building spread on almost 3.5 acres of land. The subject converted from Executive Inn to Red Roof Inn in 2016/2017 and upgraded in 2018. A manager’s apartment is adjacent to the lobby. Bonus upside for additional income with restaurant lease for great value-add, generating $1500-$1800/month. Hotel has good access from Interstate 10 with frontage on Main Street. 2019 Gross Revenues through 8/17 is over $417k for less than 8 months of revenue! Chipley, Washington County is located in the hill and lake country of Northwest Florida and is home to some of the most beautiful and unique landmarks in Florida. Among these is Falling Waters State Park, home to the tallest waterfall in the state and a unique geological setting of sinks and caves. Numerous community parks such as Swamp Off Road Park, Seacrest Wolf Preserve, Hard Labor Creek Off Road Park etc provide superb recreational activities including fishing, hiking, swimming, water-skiing, hunting, bird-watching, snorkeling and scuba diving, all may be enjoyed close to the hotel.