RED ROOF INN MOBILE

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.

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INVESTMENT HIGHLIGHTS

• Property is Located Just off Interstate 65
• Located in Top 3 MSA in State of Alabama
• Close Proximity to Major Demand Generators, Including: Austal USA, Airbus Final Assembly Line, University of South Alabama, Spring Hill College, Springhill Medical Center, and USS Alabama Battleship Memorial Park
• Property had Increasing Revenue in Each of the Previous Three, 12-Month Periods
• Candidate for SBA Loan Financing
• Hotel Includes Three-Bedroom Manager’s Suite