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Hotel-Motel

Red Carpet Inn Clarksville

2016 Hospitality Way, Jeffersonville, IN 47129

Listing Price: $2,500,000

Cap Rate
10.00%
Number of Rooms
98
RevPAR
$21
Gross SF
33,852
Price/Room
$25,510
Price/Gross SF
$73.85
Year Built
1940

Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire the Red Carpet Inn in Jeffersonville, Indiana. The 98-room Red Carpet Inn is being offered fee simple $2,500,000 or $25,510 per key, a significant discount to replacement cost. Located off of Interstate 65, the hotel is less than 15 minutes from Louisville Muhammad Ali International Airport. This area has abundant tourist destinations including Churchill Downs Racetrack, Louisville Slugger Museum & Factory, and KFC Yum Center. Guests are offered a comfortable stay, with amenities including complimentary vending machines, free on-site parking, and an outdoor pool. Room amenities include mini fridges, microwaves, iron/ironing board, and flat screen television.

Investment Highlights

  • Nine minutes from University of Louisville
  • Below Replacement Cost $25,510 per Key
  • Seven minutes from Downtown Louisville

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Hotel-Motel

Red Carpet Inn Clarksville

Listing Price: $2,500,000

Cap Rate
10.00%
Number of Rooms
98
RevPAR
$21
Gross SF
33,852
Price/Room
$25,510
Price/Gross SF
$73.85
Year Built
1940

Investment Highlights

  • Nine minutes from University of Louisville
  • Below Replacement Cost $25,510 per Key
  • Seven minutes from Downtown Louisville

Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire the Red Carpet Inn in Jeffersonville, Indiana. The 98-room Red Carpet Inn is being offered fee simple $2,500,000 or $25,510 per key, a significant discount to replacement cost. Located off of Interstate 65, the hotel is less than 15 minutes from Louisville Muhammad Ali International Airport. This area has abundant tourist destinations including Churchill Downs Racetrack, Louisville Slugger Museum & Factory, and KFC Yum Center. Guests are offered a comfortable stay, with amenities including complimentary vending machines, free on-site parking, and an outdoor pool. Room amenities include mini fridges, microwaves, iron/ironing board, and flat screen television.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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