Red Roof Inn

Investment Overview

Introducing a prime investment opportunity in the Grand Rapids area, this 32,640 SF property presents a lucrative venture for Hospitality/Full Service investors. With a cap rate of 13% and 63.72% occupancy, the property boasts a strong revenue stream and promising potential. Featuring 107 rooms, 107 parking spaces, and a lot size of 2.27 AC, it offers ample space for guests. The 2025 PIP renovations and exterior corridor highlight a commitment to modernization, while its commercial zoning and high daily traffic count of 28,000-35,000 underscore its redevelopment potential. ADR of $51.89 and a projected revenue of $1,570,000 underscore its promising future.

Investment Highlights

• Cap Rate 13%
• Price Per Room 450,467.29
• Price Per SF $165.44
• ADR - Jan-June $51.89
• GRM 3.60 Xs
• REV PAR $34.93
• Current Revenue - TTM $1,600,000
• Projected Revenue $1,570,000
• 2025 Real Estate Taxes $86,875
• Building Size 32,640 SF
• Number of Rooms 107
• Lot Size 2.27 AC
• Year Built 1974 & 1984
• PIP Renovations 2025
• Parking Lot 107 spaces
• Zoning Commercial
• Traffic Count 28,000-35,000 per day
• Great location for Redevelopment
• Airport parking available
• Exterior Corridor - 2 Separate Buildings, 2 Stories
• PIP Complete