Red Carpet Inn Macon | 2690 Riverside Dr
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Red Carpet Inn Macon 2690 Riverside Dr
110 Room Hotel Macon-Bibb, GA 31204 $3,447,480 CAD ($31,341 CAD/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
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
| Price | $3,447,480 CAD | Building Size | 43,912 SF |
| Price Per Room | $31,341 CAD | No. Rooms | 110 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1987/2022 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.74/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.37 AC |
| Price | $3,447,480 CAD |
| Price Per Room | $31,341 CAD |
| Sale Type | Investment |
| Sale Conditions | 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 |
Amenities
- Business Center
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 110 | $84.75 CAD | - |
PROPERTY TAXES
| Parcel Number | O054-0140 | Improvements Assessment | $1,107,833 CAD |
| Land Assessment | $420,278 CAD | Total Assessment | $1,528,111 CAD |
PROPERTY TAXES
Parcel Number
O054-0140
Land Assessment
$420,278 CAD
Improvements Assessment
$1,107,833 CAD
Total Assessment
$1,528,111 CAD
zoning
| Zoning Code | C4 |
| C4 |
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Red Carpet Inn Macon | 2690 Riverside Dr
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