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Hotel-Motel

Red Roof Inn

1 E Interstate 65 Service Rd S, Mobile, AL 36606

Listing Price: $4,500,000

Cap Rate
11.75%
Number of Rooms
73
RevPAR
$53
Gross SF
64,468
Price/Room
$61,644
Price/Gross SF
$69.80
Year Built
1987

Investment Overview

Marcus Millichap has been exclusively retained to offer for sale the fee simple interest in the 73-room Red Roof Inn located in Mobile, Alabama. The hotel is a 2-story, exterior corridor property built in 1987 and located directly off Interstate 65. The Red Roof Inn Mobile provides a great opportunity for a new owner to acquire a stabilized Red Roof Inn hotel with a minimal PIP expected. Additionally, the on-site manager's suite provides the potential to realize significant RevPAR growth through hands-on management.

Investment Highlights

  • Room Revenue has been increasing for the past three years
  • Property includes a managers suite
  • Listed at a 3.2x Room Revenue Multiple (2021)
  • The December 2021 STR shows the hotel is operating at a 170% RevPAR Index
  • Close to Major Demand Generators: Downtown Mobile, Austal USA, Airbus Final Assembly Line, University of South Alabama, Spring Hill College, Springhill Medical Center, and USS Alabama Battleship Memorial Park

Exclusively Listed By

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

  • Robert S. Hunter

    First Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL 3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $4,500,000

Cap Rate
11.75%
Number of Rooms
73
RevPAR
$53
Gross SF
64,468
Price/Room
$61,644
Price/Gross SF
$69.80
Year Built
1987

Investment Highlights

  • Room Revenue has been increasing for the past three years
  • Property includes a managers suite
  • Listed at a 3.2x Room Revenue Multiple (2021)
  • The December 2021 STR shows the hotel is operating at a 170% RevPAR Index
  • Close to Major Demand Generators: Downtown Mobile, Austal USA, Airbus Final Assembly Line, University of South Alabama, Spring Hill College, Springhill Medical Center, and USS Alabama Battleship Memorial Park

Investment Overview

Marcus Millichap has been exclusively retained to offer for sale the fee simple interest in the 73-room Red Roof Inn located in Mobile, Alabama. The hotel is a 2-story, exterior corridor property built in 1987 and located directly off Interstate 65. The Red Roof Inn Mobile provides a great opportunity for a new owner to acquire a stabilized Red Roof Inn hotel with a minimal PIP expected. Additionally, the on-site manager's suite provides the potential to realize significant RevPAR growth through hands-on management.

Exclusively Listed By

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

  • Robert S. Hunter

    First Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL 3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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