316 Main St Statesboro, GA 30458-0714

This exceptional 65-room hotel, located at 316 South Main St, Statesboro, GA, presents a lucrative investment opportunity. Situated just three miles from Statesboro University, this property benefits from a consistently strong demand. The Red Roof Inn has recently undergone significant renovations, including a brand-new roof boasting a 15-year warranty. Fifteen guest rooms have been upgraded to feature modern standing showers, enhancing the guest experience. The hotel comprises 65 rooms in total, including 10 suites and 2 rooms dedicated to housekeeping staff. This well-maintained property generates a substantial gross annual revenue of $870,000, achieving an impressive Average Daily Rate (ADR) of $65 and maintaining an occupancy rate consistently between 60% and 65%. The property sits on a sizable 1.33-acre lot, offering ample space and potential for future expansion or development. The asking price is $4,000,000 and is negotiable. Pre-approved private financing options are available for qualified buyers. Showings are strictly by appointment only, and the hotel is currently fully operational with existing staff in place. This is a turnkey operation ready for a new owner to step in and continue its success.