23428 Three Notch Rd
California, MD 20619
Sleep Inn & Suites California, MD · Hospitality Property For Sale · 36,188 SF

The Red Roof Inn, a three story, limited service, 80 keys interior corridors with elevator is located right off of MD 235 with easy access to MD 4. It is conveniently located near demand generators such as Patuxent River Naval Air Station, Patuxent River Naval Air Museum, Maryland International Raceway, MedStar St. Mary’s Hospital etc. The Red Roof Inn enjoys a Trip Advisor reviews of 3 Stars. All of the major PIP (Property Improvement Plan) by Red Roof Franchise is completed. For a new owner, the Change of Ownership PIP should very minimal, if any. The property is run almost absentee owner. The current asset manager is managing few other area hotels and is not able to pay attention that of an on-site owner operator. The property is ideal for an on-site owner operator. In our judgment the property is capable of reaching revenues in excess of $1 million with an owner operator, sales and marketing and yield management. At an asking price of $2,900,000, the property offers a great value for a new owner.