Red Roof Inn Springfield - Springfield, MO
About This Property
- 53 Rooms
- 2 Story, Interior Corridor Hotel
- 2023 Room Revenue: $887,645
- Perfect for Owner Operator, Currently the Owner is Absentee
- Property is Up-to-date on Owner's PIP Requirements with Numerous Upgrades Completed Recently
- Excellent Location just a Few Miles from Three Universities, Springfield Expo Center, Ozark Empire Fairgrounds & Events Center, and Springfield Branson National Airport
- The Population in Springfield is 169,176 According to 2020 Census, Growing 3% Over the Past 3 Years - The Largest of Any Metro Area in Missouri Due to Interest from Developers in the Housing, Commercial, and Industrial Sectors
- Direct Access to Interstate 44
The Red Roof Inn is a 53-unit, two-story hotel with interior corridors, situated in Greene County, Springfield, Missouri. Located just a few miles from Missouri State University and Springfield Branson National Airport, the hotel is a perfect opportunity for an owner operator. Built in 1997 and recently updated, it boasts a modern design and offers competitive pricing for investors.
Springfield is experiencing growth and is the largest metro area in Missouri, attracting developers in housing, commercial, and industrial sectors. The city has a wide range of demand generators, including three major universities, science museums, a fairgrounds and events center, parks, and remarkable caverns. The hotel is conveniently located near numerous corporations that provide year-round job opportunities.
Revenues have been steady despite absentee ownership, with potential for further upside with an on-site manager. There is an ability to convert 1 or 2 rooms to be a manager's apartment onsite as well.
The Owner has completed numerous upgrades to the property, including the replacement of curtains, beds, locks, and TVs within the last 3 years with nothing currently required of him to renovate. The Seller anticipates a minimal PIP for the next owner. The hotel is in excellent condition.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.