Property summary
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.
Ownership intelligence
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Mortgages
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Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
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Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Official district profile
The HOC highway oriented commercial district is for establishments offering accommodations, supplies, or services to motorists, and for certain specialized uses such as retail outlets, extensive commercial amusements, an…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
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