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SELECT SERVICE LISTINGS
| STATE |
ROOM COUNT |
PRICE
(min/max) |
STATUS |
AGENT |
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Hampton Inn & Suites Bluffton / Hilton Head
Bluffton, SC
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| Price | $6,700,000 |
| Price per Room | $67,000 |
| Select Service | |
| Room Count | 100 |
| Agent | Anthony Falor |
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The 100-room Hampton Inn & Suites, built in 2002, is located 7 miles east of Interstate 95 just off U.S. Highway 278 and 15 minutes from the beaches of Hilton Head Island. Adjacent to the upscale Sun City development, the property is located midway between Savannah International Airport and Hilton Head Island and considered part of Hilton Head Island Beaufort Micropolitan Statistical Area. Known for its recent rapid development, Bluffton is currently amongst the fastest growing areas in the state of South Carolina. The region has become very popular with retirees and wealthy families with second or vacation homes due to the cessation of new development allowed on Hilton Head Island itself. The property is located adjacent to a fire department and features great visibility from Highway 278 at its intersection with Okatie Center Boulevard. Previous ownership installed new flat screen televisions throughout the property and the parking lots were resurfaced in August 2011. Additionally, 2 new meeting rooms were created within the past 2 years, increasing the property’s meeting facilities to 1,200 square feet able to accommodate up to 94 guests.
The hotel is only 15 minutes to Hilton Head Island and the beaches. The addition of the Sun City development, which has attracted thousands of new residents into the area in recent years, has played a large part in the area’s growth. Sun City is a 5,600-acre development with gated communities, and feature many amenities such as golf courses, parks, hiking and biking trails, a large sports complex, fitness centers, social halls, and community gardens. Similar communities completed by other builders throughout the region as well as retail and commercial businesses supporting the lifestyle have also been completed in recent years, greatly expanding the population base in the immediate area. The property is located within the confines of the Sun City communities and is surrounded by the new developments. The Hampton Inn & Suites’ location is proximate to the dozens of championship-level golf courses for which the region is world-famous, beaches within the region, restaurants, and area attractions for vacationing families and traveling businessmen and women. The area’s nearly 80 golf courses, many of which are championship-caliber and were designed by some of the nation’s most well known designers including Arnold Palmer and Pete Dye are within easy reach of the property. The RBC Heritage PGA Tournament is held every year the week following the Masters (mid-April) and attracts hundreds of thousands of visitors to the area. Additionally, there are several amateur-level tournaments and PGA-qualifiers that attract significant amounts of visitors. Palmetto Bluff, an upscale resort and special event facility located approximately 6 miles from the Hampton Inn & Suites is a popular wedding and special gathering destination, attracting tens of thousands of guests every year. Currently, the Hampton Inn & Suites has sold significant room nights during the 2012 season to accommodate guests attending events at Palmetto Bluff. The Hampton Inn & Suites is also located just 20 miles from the Parris Island Marine Corps Recruit Depot (also known as Marine Corps “Boot Camp”), which hosts weekly graduation exercises and attracts more than 120,000 visitors to the region annually.
Hilton Head is just 20 miles north of Savannah, Georgia, and 95 miles south of Charleston, South Carolina. An easy day’s drive for visitors from all over the southeastern United States, Hilton Head has been a family vacation destination favorite for decades. The residents of Hilton Head have taken measures to protect the natural elements of the island and promote “eco-friendly” development by limiting commercial growth, signage and protecting the dense tree cover all over the island. Additionally, as an upscale residential and tourist destination, gated communities make up approximately 70% of the island’s landmass. The island of Hilton Head is known for several annual events and festivals including the RBC Heritage – a PGA Tour event played at the Harbour Town Golf Links in Sea Pines Plantation, the annual WineFest – the largest outdoor, tented wine tasting on the East Coast, and the Concours d’Elegance & Motoring Festival that features world-class vintage and antique autos, Italian sports cars and American muscle cars from all over the country.
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Red Roof Inn Champaign
Champaign, IL
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| Price | $2,400,000 |
| Price per Room | $21,430 |
| Select Service | |
| Room Count | 112 |
| Agent | Anthony Falor |
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The Red Roof Inn is located along West Anthony Drive, just ¼ mile from the North Nell Street / Interstate 74 interchange, within 1.5 miles from the Interstates 57 / 74 interchange, and only 3 miles from the Interstates 57 / 72 interchange. Champaign, Illinois is just 50 miles southeast of Bloomington, 90 miles east of Springfield (the state’s capital), 124 miles west of Indianapolis, 135 miles south of Chicago, 178 miles northeast of St. Louis, and just 20 miles from Amish country in Arthur, Illinois. The Red Roof Inn is located in a commercially dense area just ¼ mile from Market Place Mall (1 million square feet), 1.5 miles from Parkland College (20,000 students) and its Staerkel Planetarium (1 of only 37 major planetariums in the world), 3 miles from University of Illinois – Urbana/Champaign (40,000 students, the flagship university of Illinois, and a founding member of the Big 10 Conference), 4 miles from the U of I Research Park and State Farm Research & Development Center, and within close proximity to the National Center for Supercomputing Applications, and the Krannert Art Museum, Early American Museum, John Phillip Sousa Museum, Museum of Natural History, and World Heritage Museum. Additionally, Memorial Stadium, home of the University of Illinois – Urbana/Champaign football team, which seats more than 60,000.
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Red Roof Inn Michigan City
Michigan City, IN
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| Price | $1,895,000 |
| Price per Room | $23,987 |
| Select Service | |
| Room Count | 79 |
| Agent | Anthony Falor |
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The Red Roof Inn is a 79-room limited service hotel located south of downtown Michigan City, just ½ mile from Interstate 94 at the Franklin Street (Highway 421) and West Kieffer Road intersection, and 5 miles from Interstate 80. The property is 150 miles north of Indianapolis and located midway between Chicago (50 miles) and South Bend (40 miles) and is considered a “bedroom community” to both areas. Michigan City is noted for both its proximity to the Indiana Dunes National Lakeshore and for bordering Lake Michigan. Due to this, Michigan City receives a fair amount of tourism during the summer months, especially by residents of Chicago and nearby cities in Northern Indiana. Michigan City is the home of the Old Michigan City Light, one of Indiana's few lighthouses. Michigan City's largest shopping center, Lighthouse Place Premium Outlet, pays homage to the lighthouse. The mall, owned by Chelsea Premium Outlets, contains stores such as Polo Ralph Lauren, Puma, Banana Republic, J.Crew, Ecco, Guess, Gap, Fossil, and Corning Revere. Michigan City also houses a zoo, and art center, and also is the home of the Indiana State Prison.
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Red Roof Inn Kalamazoo East
Kalamazoo, MI
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| Price | $1,950,000 |
| Price per Room | $24,684 |
| Select Service | |
| Room Count | 79 |
| Agent | Anthony Falor |
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The Red Roof Inn is a 79-room limited service hotel located just ½ mile from the Interstate 94 / South Sprinkle Road interchange, approximately 4 miles southeast of downtown Kalamazoo, Michigan. The hotel features a great location within 1 mile of Wings Stadium, 3 miles from Kalamazoo County Fairgrounds, Borgess Medical Center, Bronson Methodist Hospital, 5 miles from Western Michigan University, Kalamazoo College, and the Kalamazoo / Battle Creek Airport. Kalamazoo is also home to Pfizer Corporation (formerly Upjohn Company) as well as the W. E. Upjohn Institute for Employment Research, Stryker Corporation (a manufacturer of surgical and medical devices), and a branch of the Michigan State University Medical School, the Kalamazoo Center for Medical Studies (KCMS). Additionally, the Red Roof Inn is located just 23 miles from Battle Creek, the third largest city in Michigan (behind Detroit and Grand Rapids) and home of the Kellogg Company, Post Foods, Denso, and Clyde Union.
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Red Roof Inn Airport Milwaukee (Oak Creek)
Oak Creek, WI
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| Price | $2,400,000 |
| Price per Room | $22,222 |
| Select Service | |
| Room Count | 108 |
| Agent | Anthony Falor |
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The Red Roof Inn is a 108-room limited service hotel and is located at the intersection of West College Avenue and South 13th Street, just ¼ mile from Interstate 94, less than 1 mile from General Mitchell International Airport, and only 3 miles from the Interstates 94 / 43 / 894 interchange. Located in a commercially dense area less than ¼ mile from Milwaukee Area Technical College, the Red Roof Inn is within close proximity to the site of the annual SummerFest Music Festival (Maier Park), Miller Park (home of the MLB Brewers), Potawatomi Casino, Pettit Center, Marquette University, and corporations such as Bucyrus International, WE Energies, Midwest Airlines, PPG Industries, United Postal Service, Morris Material Handling, Superior Die Set Corporation, Tri City National Bank, Regina USA, and Miller Brewing. Additionally, with the Southwest Airlines’ purchase of AirTran, the carrier began operating out of Mitchell International Airport in November 2011 with nearly 45 employees initially. Southwest Airlines anticipates the service will augment its service to the Chicago area, where it already has a presence at Midway Airport. Southwest Airlines’ presence is expected to reduce the costs of flying into and out of the Milwaukee area and airport officials expect overall passenger traffic to increase in 2012 and 2013 at a minimum.
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Red Roof Inn Atlanta North (Smyrna)
Smyrna, GA
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| Price | $2,900,000 |
| Price per Room | $21,324 |
| Select Service | |
| Room Count | 136 |
| Agent | Anthony Falor |
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The Red Roof Inn is a 136-room limited service hotel located just off Windy Hill Road 1 mile west of Interstate 75 in the high-growth region of Cobb County, Georgia, just 20 minutes north of downtown Atlanta. Cobb County is one of the largest, fastest growing, and the 2nd wealthiest county in the state of Georgia. Located on the western side of Interstate 75, the Red Roof Inn is adjacent to Wellstar Windy Hill Hospital and within close proximity to the area’s demand generators and office and industrial parks. The Northwest / Marietta submarket is comprised of nearly 22 million square feet of office space and approximately 41.6 million square feet of industrial / warehouse space. Within the immediate market area of the Red Roof Inn, there are multiple office and industrial buildings and parks occupied by companies of every kind including automotive part manufacturing, aircraft manufacturing, firearm manufacturing, accounting and finance services, logistics and distribution, software manufacturing, medical and biomedical practice and research, as well as trade and service organizations. Within 5 miles of the Red Roof Inn, there are multiple business and industrial parks including the Cobb Corporate Center and American Business Center, which contain millions of square feet of space and occupied by manufacturing, financial, research and development, and service-related companies including Matria Healthcare, IBM, NAPA (Automotive parts manufacturing), Zep Chemicals, AVNet (computer technology), Ragan Marketing, LDI, the University of Georgia Small Business Development Center, and Healthnet. Additionally, FedEx operates its North Atlanta distribution facility nearby. Dobbins Air Reserve Base, the largest reserve training facility in the world and Lockheed Martin (manufacturer of the F-22 Fighter Jet and co-producer of the U.S. military’s new Joint Strike Fighter), White Water and American Adventures Theme Park, Marietta Civic Center, Cobb Energy Center, Kennesaw State University, Southern Polytechnic University, Chattahoochee Technical School, Towne Center Mall, Cumberland Mall, and the Galleria Mall are located within close proximity to the property and generate significant demand for the region.
The property is located close to the high growth areas of Kennesaw, Woodstock, and the I-575 corridor including Towne Lake and Canton, Georgia. Vast commercial, retail, and residential development projects are currently underway in this region and will attract additional on-going secondary development projects for years to come as the Metropolitan Atlanta area continues to grow and expand. Kennesaw, just a few miles north of the Red Roof Inn, is home to significant corporate, distribution, and manufacturing companies as well as Kennesaw State University (3rd largest institution in Georgia) and has been a hot spot of continued commercial and residential development for the past decade. Woodstock, Towne Lake, and Canton are smaller communities along Interstate 575 that are currently experiencing growth and development, especially upper-scale retail and residential projects.
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Red Roof Inn Nashville
Nashville, TN
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| Price | $2,500,000 |
| Price per Room | $29,412 |
| Select Service | |
| Room Count | 85 |
| Agent | Anthony Falor |
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The Red Roof Inn is an 85-room, three-story, exterior corridor, limited service hotel located adjacent to Interstate 65, approximately 10 miles west of the Nashville International Airport and 6 miles from downtown Nashville. Within 3 miles of the property are the Thousand Oaks Mall, Southern Hills Hospital, Tennessee State Fairgrounds, Gerdau Ameristeel, Advanced Compsits, CSX Railroad, Sabre Defense Industries, Asurion Insurance Services, Southern Machinery and Exhibits, Omega Rail Management, and the Radnor Lake Natural Area and Wildlife Refuge. Additional demand generators include Lipscomb University, Vanderbilt University, Tennessee State University, Greer Stadium, the Sommet Center, LP Field, Belmont, the Opry Mills Mall, and the Grand Ole Opry.
Current ownership has spent approximately $335,000 (or nearly $4,000 per room) since 2006 including a new boiler, ice machines, commercial dryer (Uni-Mac with 50-lbs. capacity), and linens throughout the entire property and continues to maintain the property well. Because of this work, we anticipate renovation requirements on a Change of Ownership PIP will be in the $300,000 to $400,000 range, or between $3,500 to $4,500 per room.
Nashville is the state’s most populous and urbanized city and three major interstate highways converge in the immediate area: Interstates 65, 40 and 24. I-440 is an inner beltway circling the city, and I-840 is a southern outer beltway between I-40E and between I-24E and I-65S. Nashville is most commonly referred to as the “Music City.” Many of the biggest stars in country music began their careers in Nashville at its myriad live music venues. These stars continue to establish residences in the area, giving rise to attractions focused on the music industry, including the Country Music Hall of Fame, the Gaylord Entertainment Center, Ryman Auditorium and the Grand Ole Opry. Although Nashville is renowned as a music recording center and tourist destination, its largest industry is healt
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Quality Inn Kinder
Kinder, LA
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| Price | $1,350,000 |
| Price per Room | $10,630 |
| Select Service | |
| Room Count | 127 |
| Agent | Anthony Falor |
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Investment Considerations
• Interior corridor limited service asset located along Highway 165
• Ideal owner/operator or regional management company opportunity
• SBA Financeable
• Unencumbered by management
The 127-room, two-story, interior corridor Quality Inn is located on Highway 165, which connects the region to Alexandria and Lake Charles, Louisiana. Kinder is home to the Coushatta Casino Resort, which is the largest casino resort in the state of Louisiana. Coushatta Casino Resort offers Koasati Pines, an 18-hole par 72-championship golf course. The immediate area is well known amongst natural gas harvesting and exploration companies as well as agricultural and forestry services.
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Red Roof Inn Lafayette
Lafayette, LA
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| Price | $2,100,000 |
| Price per Room | $19,444 |
| Select Service | |
| Room Count | 108 |
| Agent | Anthony Falor |
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The Red Roof Inn is located on North University Avenue, just ¼ mile north of its interchange with Interstate 10 and within 2 miles of Interstate 49. The property is a 108-room, two-story, exterior corridor limited service facility built in 1986. Demand generators and attractions include Moore Park (popular softball destination), Pelican Ball Park, Lafayette Regional Airport, University of Louisiana-Lafayette, Cajundome, Blackham Coliseum, Evangeline Downs Racetrack & Casino, Zoo of Acadiana, Vermilionville, the Acadian Village, and the Tabasco Factory store to name a few. Lafayette is located in the heart of Louisiana’s gas and oil exploration and production region and its dense development of oil and gas exploration companies and suppliers. Because of its proximity to the Gulf of Mexico as well as the hundreds of thousands of acres of natural gas exploration fields throughout the region, Lafayette added more than 2,700 new jobs in 2010 in the gas and oil exploration industries alone. Nearly 2,000 oil and gas companies operate within the Energy Corridor, ranging from small businesses to companies with more than 3,000 employees. No other geographic region compares to the percentage of energy workers here, in fact 4% of all energy-related laborers in the U.S. work within the Energy Corridor. The Outer continental Shelf, where a vast majority of the U.S. oil and gas supply is derived, runs along the coast from Texas to Florida, however is most densely developed along the Louisiana coastline. Louisiana’s oil and gas production is heavily dependent upon offshore activities, which makes it the nation’s #1 producer of crude oil and #2 in natural gas production and refining capacity.
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Red Roof Inn Columbia West
Columbia, SC
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| Price | $1,900,000 |
| Price per Room | $17,593 |
| Select Service | |
| Room Count | 108 |
| Agent | Anthony Falor |
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The Red Roof Inn is located adjacent to Interstate 26 on the southwest corner of the exit, just one exit north of the Interstate 26 / Interstate 20 interchange, also known as “The Crossroads.” Approximately 95,000 cars pass the I-26 / St. Andrews interchange daily and the property features excellent visibility and access with multiple access points from Interstates 20 and 26. Because of the property’s advantageous location, within close proximity to the Red Roof Inn are many of the area’s demand generators, in fact, Downtown Columbia, the Columbia Metropolitan Convention Center, the State Capital, and the University of South Carolina (current enrollment exceeds 27,000 students), including its sporting stadiums and arenas, are located approximately 6 miles to the southeast via Interstate 126. The Columbia Metropolitan Airport is located roughly 9 miles south and Fort Jackson is approximately 20 miles southeast. Numerous office buildings and business campuses are located north and south of the Red Roof Inn along Interstates 20, 26, and east and west along St. Andrews Road and Bush River Road. Major companies in the immediate area include Colonial Life Insurance, Covansys, Intel, NCR, Westinghouse Electric, AT&T, Allied Signal, Lucent Technology, BellSouth, UPS, Michelin, International Paper, Honeywell, Siemens, Bose and DuPont. Additional demand generators and attractions include Finlay Park, Columbia Museum of Art, South Carolina State Museum, Koger Center for the Arts, South Carolina State Fairgrounds, Williams-Brice Stadium, Dorns Veterans Affairs Hospital, and Webster University. The property consists of two rectangular, two-story, exterior corridor buildings with 108 guestrooms situated on 2.75 acres and is being sold unencumbered by management. 13 of the property’s guestrooms have been, with the exception of the installation of a new casegoods package, renovated to the newest Brand Standard requirement as set forth by Red Roof Inns.
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