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Red Carpet Inn Macon 2690 Riverside Dr 110 Room Hotel Macon-Bibb, GA 31204 $2,300,000 ($20,909/Room)

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INVESTMENT HIGHLIGHTS

  • 112 rooms + 8 rooms used for apartments
  • Off I-75
  • Midway point between Atlanta and Savannah
  • Interior Corridor
  • 75 Miles South of Atlanta
  • High revenue potential with hands on management

EXECUTIVE SUMMARY

BACK ON MARKET. CALL FOR OFFERS ! Red Carpet Inn 120 room hotel being offered for sale. Two and three story, interior corridor hotel on the north side of Macon, strategically located off I-75 within close proximity to all demand generators. Out of the 120 rooms 8 rooms have been converted to 3 apartments. Built in 1987, renovated in 2018-2022. The property has a large courtyard pool and large conference room ideal for larger venues. Franchise agreement in place till 2028. Macon is considered “The Heart of Georgia” and a midway point between Savannah and Atlanta. It is surrounded by 3 interstate highways: I-75, I-16 and I-475. Atlanta’s Hartsfield Jackson International Airport just 75 miles north. Investments in logistics, manufacturing, and warehousing are growing, especially around I-75 and I-16 corridor, increasing business travel. Business travel demand from vendors, engineers, and truckers continues to rise year-over-year.

PROPERTY FACTS

Price $2,300,000
Price Per Room $20,909
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.37 AC
Building Size 43,912 SF
No. Rooms 110
No. Stories 2
Year Built/Renovated 1987/2022
Tenancy Single
Parking Ratio 2.74/1,000 SF
Corridor Interior
Zoning C4 - Highway Commercial District

AMENITIES

  • Business Center
  • Pool

ABOUT 2690 RIVERSIDE DR , MACON-BIBB, GA 31204

AVAILABLE ! Red Carpet Inn 120 room hotel being offered for sale. Two and three story, interior corridor hotel on the north side of Macon, strategically located off I-75 within close proximity to all demand generators. Out of the 120 rooms 8 rooms have been converted to 3 apartments. Built in 1987, renovated in 2018-2022. The property has a large courtyard pool and large conference room ideal for larger venues. Franchise agreement in place till 2028. Macon is considered “The Heart of Georgia” and a midway point between Savannah and Atlanta. It is surrounded by 3 interstate highways: I-75, I-16 and I-475. Atlanta’s Hartsfield Jackson International Airport just 75 miles north. Investments in logistics, manufacturing, and warehousing are growing, especially around I-75 and I-16 corridor, increasing business travel. Business travel demand from vendors, engineers, and truckers continues to rise year-over-year.

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 110 $59.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
O054-0140
Land Assessment
$295,297
Improvements Assessment
$701,322
Total Assessment
$996,619
  • Listing ID: 29413511

  • Date on Market: 8/31/2023

  • Last Updated:

  • Address: 2690 Riverside Dr, Macon-Bibb, GA 31204

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