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Hotel-Motel

Red Roof Inn & Suites Pensacola

4 N New Warrington Rd, Pensacola, FL 32506

Listing Price: Request For Offer

Number of Rooms
71
RevPAR
$94
Gross SF
55,756
Year Built
2001

Investment Overview

Marcus & Millichap’s Kabani Hotel Group, as an exclusive representative of the seller, is pleased to present for sale the Red Roof Inn Pensacola. The subject property is a 3-story, 71-room, interior corridor hotel, with a lot size of 1.28 acres, located directly off US Hwy 98 and just a short drive away from Pensacola Naval Air Station and Pensacola Beach. The Property features free wi-fi, free long-distance calling, free expanded cable, free parking, and an elevator. New ownership has an opportunity to add value by renting out one of the rooms currently being used by an employee. The area surrounding the property hosts a variety of demand generators including Pensacola International Airport, Pensacola Naval Air Station, Pensacola Beach, Historic Fort Barrancas, Pensacola Beach Gulf Pier, Gulf Breeze, University of West Florida, Naval Hospital Pensacola, Pensacola Bay City Ferry, Bay Bluffs Park, Fort Pickens National Park, Blue Wahoo’s Stadium, Osceola Municipal Golf Course, and Seville Quarter. Prospective buyers have the opportunity to invest in an expanding market in Florida.

Investment Highlights

  • Located directly off US Hwy 98 and 20 minutes from Pensacola Beach
  • The property Produced almost $1.1mm in NOI for 2021
  • Despite the COVID disruption in 2020, the property was still able to produce over $600k in NOI
  • Operationally, the property produced $2,419,321 in gross revenues for 2021
  • Recently Renovated Property – Minimal PIP expected for new ownership

Exclusively Listed By

Financing By

Hotel-Motel

Red Roof Inn & Suites Pensacola

Listing Price: Request For Offer

Number of Rooms
71
RevPAR
$94
Gross SF
55,756
Year Built
2001

Investment Highlights

  • Located directly off US Hwy 98 and 20 minutes from Pensacola Beach
  • The property Produced almost $1.1mm in NOI for 2021
  • Despite the COVID disruption in 2020, the property was still able to produce over $600k in NOI
  • Operationally, the property produced $2,419,321 in gross revenues for 2021
  • Recently Renovated Property – Minimal PIP expected for new ownership

Investment Overview

Marcus & Millichap’s Kabani Hotel Group, as an exclusive representative of the seller, is pleased to present for sale the Red Roof Inn Pensacola. The subject property is a 3-story, 71-room, interior corridor hotel, with a lot size of 1.28 acres, located directly off US Hwy 98 and just a short drive away from Pensacola Naval Air Station and Pensacola Beach. The Property features free wi-fi, free long-distance calling, free expanded cable, free parking, and an elevator. New ownership has an opportunity to add value by renting out one of the rooms currently being used by an employee. The area surrounding the property hosts a variety of demand generators including Pensacola International Airport, Pensacola Naval Air Station, Pensacola Beach, Historic Fort Barrancas, Pensacola Beach Gulf Pier, Gulf Breeze, University of West Florida, Naval Hospital Pensacola, Pensacola Bay City Ferry, Bay Bluffs Park, Fort Pickens National Park, Blue Wahoo’s Stadium, Osceola Municipal Golf Course, and Seville Quarter. Prospective buyers have the opportunity to invest in an expanding market in Florida.

Exclusively Listed By

Financing By

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