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



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
PROPERTY FACTS
| Price | $2,300,000 | Building Size | 43,912 SF |
| Price Per Room | $20,909 | No. Rooms | 110 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1987/2022 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.74/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.37 AC | ||
| Zoning | C4 - Highway Commercial District | ||
| 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
| Parcel Number | O054-0140 | Improvements Assessment | $701,322 |
| Land Assessment | $295,297 | Total Assessment | $996,619 |
PROPERTY TAXES
Presented by
Red Carpet Inn Macon | 2690 Riverside Dr
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