Red Roof Inn - 316 S Main St, Statesboro, GA 30458

Red Roof Inn located in historic Statesboro, GA in an Opportunity Zone. The hotel is 2 stories, exterior corridor, with 59 rooms. PIP and renovation completed in 2018 & 2019 with minimal pip for new buyer. Buyer has option to keep or change the brand. Priced below replacement cost at $1,900,000, $32,200 per room. 2019 revenue reached $526,000. Franchise agreement initiated June 2016 for 10 years, with 5 year window. Manager apartment with 2 bedrooms and 2 bathrooms. Growing community with 35,000+ residents and new developments planned for the area. Bank is ready to finance the hotel.