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
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
Parcel Number | O054-0140 | Improvements Assessment | $778,388 |
Land Assessment | $295,297 | Total Assessment | $1,073,685 |