Red Carpet Inn Macon 2690 Riverside Dr 110 Room Hotel Macon-Bibb, GA 31204 $2,400,000 ($21,818/Room)

INVESTMENT HIGHLIGHTS

  • 112 rooms + 8 rooms used for apartments
  • Off I-75
  • Renovated 2018 - 2022
  • Interior Corridor
  • 75 Miles South of Atlanta
  • Midway point between Atlanta and Savannah

EXECUTIVE SUMMARY

UNDER CONTRACT - New Management, upward trending revenue ! Red Carpet Inn 112 + 8 room hotel being offered for sale. Two and 3 three story interior corridor hotel on the north side of Macon, strategically located off I-75 within close proximity to all demand generators. Additional 8 rooms are currently used for 3 manager apartments, total of 120 rooms. Built in 1987, renovated in 2018-2022. Renovations included: exterior lighting, sign, computer system, carpet, locks, furniture, lamps, flatscreen TV’s, mattresses, microwave & refrigerator, PTAC’s, interior and exterior paint. Amenities include: complimentary breakfast, guest laundry, vending machines , courtyard pool and large conference room. Franchise agreement was just renewed for an additional 5 years. 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.

PROPERTY FACTS Under Contract

Price $2,400,000
Price Per Room $21,818
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

AMENITIES

  • Business Center
  • Pool

ABOUT 2690 RIVERSIDE DR , MACON-BIBB, GA 31204

New Management, upward trending revenue ! Red Carpet Inn 112 + 8 room hotel being offered for sale. Two and 3 three story interior corridor hotel on the north side of Macon, strategically located off I-75 within close proximity to all demand generators. Additional 8 rooms are currently used for 3 manager apartments, total of 120 rooms. Built in 1987, renovated in 2018-2022. Renovations included: exterior lighting, sign, computer system, carpet, locks, furniture, lamps, flatscreen TV’s, mattresses, microwave & refrigerator, PTAC’s, interior and exterior paint. Amenities include: complimentary breakfast, guest laundry, vending machines , courtyard pool and large conference room. Franchise agreement was just renewed for an additional 5 years. 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.

ROOM MIX INFORMATION

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

PROPERTY TAXES

  • Listing ID: 29413511

  • Date on Market: 8/31/2023

  • Last Updated:

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