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Hotel-Motel

Red Roof Montgomery

2625 Zelda Rd, Montgomery, AL 36107

Listing Price: $4,000,000

Cap Rate
7.93%
Number of Rooms
126
RevPAR
$23
Price/Room
$31,746
Year Built
1973

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Red Roof Montgomery. The subject property is a 2-story, 126-room, exterior corridor hotel, with a lot size of 5 acres, located directly located off Interstate 85 with easy access to US-231 and interstate 65. The property underwent recent renovation with the addition of kitchenettes in 50 rooms. The area surrounding the property hosts a variety of demand generators including Alabama State Capitol, Alabama State University, Montgomery Regional Airport, Montgomery Zoo, Maxwell Airforce Base, Rosa Parks Museum, and the Scott & Zelda Fitzgerald Museum.

Investment Highlights

  • Property is Located Directly off a major thoroughfare Interstate 85 with easy access to US-231 and Interstate 65
  • Property is near Alabama State Capitol, Alabama State University, and Montgomery Regional Airport (MGM)
  • The property underwent renovations in 2021

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Hotel-Motel

Red Roof Montgomery

Listing Price: $4,000,000

Cap Rate
7.93%
Number of Rooms
126
RevPAR
$23
Price/Room
$31,746
Year Built
1973

Investment Highlights

  • Property is Located Directly off a major thoroughfare Interstate 85 with easy access to US-231 and Interstate 65
  • Property is near Alabama State Capitol, Alabama State University, and Montgomery Regional Airport (MGM)
  • The property underwent renovations in 2021

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Red Roof Montgomery. The subject property is a 2-story, 126-room, exterior corridor hotel, with a lot size of 5 acres, located directly located off Interstate 85 with easy access to US-231 and interstate 65. The property underwent recent renovation with the addition of kitchenettes in 50 rooms. The area surrounding the property hosts a variety of demand generators including Alabama State Capitol, Alabama State University, Montgomery Regional Airport, Montgomery Zoo, Maxwell Airforce Base, Rosa Parks Museum, and the Scott & Zelda Fitzgerald Museum.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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