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Hotel-Motel

La Quinta Inn & Suites Rome

15 Chateau Dr SE, Rome, GA 30161

Listing Price: $3,450,000

Cap Rate
4.06%
RevPAR
$32
Gross SF
7,796
RRM
6.20
Price/Gross SF
$442.53
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 45-unit, La Quinta Inn & Suites located in Rome, Georgia. This well-appointed hotel was constructed in 2009 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms provide complimentary Wi-Fi and HDTVs, plus minifridges, microwaves, hair dryers, ironing boards and coffeemakers. A heated outdoor pool is offered in addition to a free continental breakfast and a fitness center. Amenities also include free parking, laundry service, and a business center. Located in the foothills of the Appalachian Mountains, Rome is the largest city in and the county seat of Floyd County, Georgia and is the regional center for the six-county trade area. A hotel near Inland Container and Mount Berry Square Mall provides an unbeatable location for travelers. This Berry College hotel is ideally situated close to all the top attractions. Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center, Redmond Regional Medical Center, and the Harbin Clinic. National companies that are part of Rome's technology industry include Brugg Cable and Telecom, Suzuki Manufacturing of America, automobile parts makers Neaton Rome and F&P Georgia, Peach State Labs, and the North American headquarters of Pirelli Tire.

Investment Highlights

  • Fee-simple interest in the three-story, 45-unit, La Quinta Inn & Suites located in Rome, Georgia
  • Offered unencumbered of debt and management with the ability to retain the current franchise
  • Recently renovated property with a minimal new ownership PIP expected for a new investor
  • 2.8-mile drive to downtown Rome and a 6.2-mile drive to Berry College
  • Strategically located within walking distance to many restaurants and retailers
  • Situated off US-411 at the foothills of the Appalachian Mountains with close-proximity to the Rome International Speedway

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Hotel-Motel

La Quinta Inn & Suites Rome

Listing Price: $3,450,000

Cap Rate
4.06%
RevPAR
$32
Gross SF
7,796
RRM
6.20
Price/Gross SF
$442.53
Year Built
2009

Investment Highlights

  • Fee-simple interest in the three-story, 45-unit, La Quinta Inn & Suites located in Rome, Georgia
  • Offered unencumbered of debt and management with the ability to retain the current franchise
  • Recently renovated property with a minimal new ownership PIP expected for a new investor
  • 2.8-mile drive to downtown Rome and a 6.2-mile drive to Berry College
  • Strategically located within walking distance to many restaurants and retailers
  • Situated off US-411 at the foothills of the Appalachian Mountains with close-proximity to the Rome International Speedway

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 45-unit, La Quinta Inn & Suites located in Rome, Georgia. This well-appointed hotel was constructed in 2009 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms provide complimentary Wi-Fi and HDTVs, plus minifridges, microwaves, hair dryers, ironing boards and coffeemakers. A heated outdoor pool is offered in addition to a free continental breakfast and a fitness center. Amenities also include free parking, laundry service, and a business center. Located in the foothills of the Appalachian Mountains, Rome is the largest city in and the county seat of Floyd County, Georgia and is the regional center for the six-county trade area. A hotel near Inland Container and Mount Berry Square Mall provides an unbeatable location for travelers. This Berry College hotel is ideally situated close to all the top attractions. Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center, Redmond Regional Medical Center, and the Harbin Clinic. National companies that are part of Rome's technology industry include Brugg Cable and Telecom, Suzuki Manufacturing of America, automobile parts makers Neaton Rome and F&P Georgia, Peach State Labs, and the North American headquarters of Pirelli Tire.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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