Skip to main content

Hotel-Motel

Red Roof Inn

10901 Harts Rd, Jacksonville, FL 32218

Listing Price: $3,700,000

Cap Rate
5.86%
Number of Rooms
60
RevPAR
$38
Gross SF
21,921
Price/Room
$61,667
Price/Gross SF
$168.79
Year Built
1987

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 60-room Red Roof Inn located in Jacksonville, Florida - the most populous city in the State of Florida and the southeastern United States. The property is a three-story, limited-service hotel located directly off Interstate 95 and a short drive to both the Jacksonville Cruise Port as well as Jacksonville International Airport. The property is also located within close approximity to a variety of other demand generators including: Interstate 295, Jacksonville Zoo & Gardens, UF Health Jacksonville, and TIAA Bank Field, among others. The Red Roof Inn offers investors the opportunity to acquire a recently renovated property in an established and growing market with zero expected Property Improvement Plan (PIP) costs.

Investment Highlights

  • Excellent Entry-Level Property for A First-Time Hotel Investor
  • Ideal Owner-Operator Opportunity
  • Includes Manager Suite: Contains Two Bedrooms, Two Bathrooms, and a Kitchenette

Exclusively Listed By

Listing Price: $3,700,000

Cap Rate
5.86%
Number of Rooms
60
RevPAR
$38
Gross SF
21,921
Price/Room
$61,667
Price/Gross SF
$168.79
Year Built
1987

Investment Highlights

  • Excellent Entry-Level Property for A First-Time Hotel Investor
  • Ideal Owner-Operator Opportunity
  • Includes Manager Suite: Contains Two Bedrooms, Two Bathrooms, and a Kitchenette

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 60-room Red Roof Inn located in Jacksonville, Florida - the most populous city in the State of Florida and the southeastern United States. The property is a three-story, limited-service hotel located directly off Interstate 95 and a short drive to both the Jacksonville Cruise Port as well as Jacksonville International Airport. The property is also located within close approximity to a variety of other demand generators including: Interstate 295, Jacksonville Zoo & Gardens, UF Health Jacksonville, and TIAA Bank Field, among others. The Red Roof Inn offers investors the opportunity to acquire a recently renovated property in an established and growing market with zero expected Property Improvement Plan (PIP) costs.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower