Red Roof Inn Tallahassee East | 6737 Mahan Dr
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Red Roof Inn Tallahassee East 6737 Mahan Dr
59 Room Hotel Tallahassee, FL 32308 $4,535,904 CAD ($76,880 CAD/Room)
Investment Highlights
- desirable location, recent renovations, and amenities, this motel has the potential to be a lucrative investment in the hospitality industry
Executive Summary
59-unit two-story motel with recent renovations and ample parking, located near popular businesses like Amazon and Publix, as well as newly constructed subdivision communities, holds significant potential. The additional lot with a storage building equipped with laundry machines and linen storage shelves adds value and utility to the property. Furthermore, the presence of a fenced-in pool with a pool shed enhances its appeal, particularly for guests looking for leisure amenities.Given its prime location and recent updates, this motel could attract a variety of guests, including tourists, business travelers, and individuals relocating to the area. Additionally, the proximity to thriving businesses like Amazon and Publix suggests potential for corporate bookings or long-term stays.
To maximize the property's potential, you might consider implementing effective marketing strategies to reach your target audience, such as online listings, social media promotion, and partnerships with local businesses. Providing excellent customer service and maintaining the property's cleanliness and amenities will also contribute to positive guest experiences and foster repeat business.
Furthermore, exploring opportunities for partnerships with local event organizers or tour companies could help attract group bookings or package deals, especially if there are attractions or events in the surrounding area.
To maximize the property's potential, you might consider implementing effective marketing strategies to reach your target audience, such as online listings, social media promotion, and partnerships with local businesses. Providing excellent customer service and maintaining the property's cleanliness and amenities will also contribute to positive guest experiences and foster repeat business.
Furthermore, exploring opportunities for partnerships with local event organizers or tour companies could help attract group bookings or package deals, especially if there are attractions or events in the surrounding area.
Property Facts
Price | $4,535,904 CAD | Building Size | 28,873 SF |
Price Per Room | $76,880 CAD | No. Rooms | 59 |
Sale Type | Investment | No. Stories | 2 |
Property Type | Hospitality | Year Built/Renovated | 1984/2022 |
Property Subtype | Hotel | Tenancy | Single |
Building Class | B | Parking Ratio | 2.18/1,000 SF |
Lot Size | 3.03 AC | Corridor | Exterior |
Price | $4,535,904 CAD |
Price Per Room | $76,880 CAD |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 3.03 AC |
Building Size | 28,873 SF |
No. Rooms | 59 |
No. Stories | 2 |
Year Built/Renovated | 1984/2022 |
Tenancy | Single |
Parking Ratio | 2.18/1,000 SF |
Corridor | Exterior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 59 | $136.08 CAD | - |
PROPERTY TAXES
Parcel Number | 12-18-15-00A-012.0 | Improvements Assessment | $1,058,528 CAD |
Land Assessment | $620,438 CAD | Total Assessment | $1,678,966 CAD |
PROPERTY TAXES
Parcel Number
12-18-15-00A-012.0
Land Assessment
$620,438 CAD
Improvements Assessment
$1,058,528 CAD
Total Assessment
$1,678,966 CAD
zoning
Zoning Code | CP (Commercial Parkway) |
CP (Commercial Parkway) |
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Red Roof Inn Tallahassee East | 6737 Mahan Dr
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