316 S Main Street

Description

The Red Roof Inn, conveniently located just 3 miles away from the esteemed Statesboro University, has undergone an impressive transformation with recent renovations that enhance both its aesthetic appeal and functionality. Guests will appreciate the brand-new roof, which comes with a robust 15-year warranty, ensuring peace of mind for years to come. Among its 65 well-appointed rooms, 10 luxurious suites provide an elevated experience, while 2 rooms have been specially designated for housekeeping purposes. This property generates a remarkable $870,000 in gross annual revenue, showcasing its strong performance in the hospitality sector. With a competitive Average Daily Rate (ADR) of $65, the inn enjoys a stable occupancy rate ranging from 60% to 65%, making it an attractive investment opportunity. Interested investors and potential buyers are encouraged to reach out to the listing agent for further details. The asking price is flexible, and arrangements for private loans have already been pre-approved, easing the path to ownership. Viewings of this vibrant business are offered by appointment only, and it is important to note that the property is currently staffed by dedicated employees who ensure it runs smoothly.