CIP Exclusive Hotel for Sale
$3,800,000 | Economy | Select Service | 48 Keys
Updated Franchise Airport Hotel On I-5 Highway
The Red Roof Inn & Suites Medford is a 48 key select service franchised economy hotel with high brand recognition. Hotel lobby and guest rooms were fully updated in 2019 with no PIP. Located just 1.5 miles from Rogue Valley International-Medford Airport (MFR), this property has maintained occupancy throughout 2020. Property is on leased land with 60 years remaining and right of first refusal for future land purchase.
This property features a renovated lobby, spacious breakfast area, snack center, guest laundry, and business center. The hotel is 100% smoke-free and pet friendly. Guest amenities include free car parking, oversized truck/RV/bus parking, complimentary Grab & Go Breakfast, and free airport shuttle.
Guest room mix includes Queen Single, Queen Double, Queen Double Suite, King Single, King Double, and King Single Suite. Queen Single Accessibility rooms are also available.
Room amenities include desks, microwaves, mini-refrigerators, in-room coffee, large flat-screen TVs, and high-speed wireless internet.
Property includes ~450 sq.ft. 1 Bedroom and 1 Bathroom Owner/Manager Quarters. Living space is recently renovated with a full-sized kitchen and flat-screen TV.
Near Crater Lake, Rogue River Recreation, and Shakespeare Festival, makes this an attractive economy option for travelers. Midway Between Bay Area & Portland, this well-known franchise is a popular stop-over for interstate and repeat visitors. Red Roof Inn & Suites is high visibility, easy access I-5 property with excellent proximity to restaurants, shops, and galleries.
Red Roof Inn & Suites Location
Set in the rugged beauty of the Rogue Valley, Medford is Southern Oregon’s largest city. Visitors will enjoy the town’s network of green parks, walkable downtown, great food and a host of family-friendly activities. Medford, Oregon is considered the ultimate urban adventure with theaters, brewpubs, wineries, and artisan cuisine. Visitors can experience the great outdoors with the Rogue River and Table Rocks just a stone’s throw away or hang out downtown at the many museums, art galleries, stores, and restaurants.
- I-5 Hwy/Midway Between Bay Area & Portland
- Major National Franchise With No PIP
- Fully Renovated Lobby & Rooms 2019
- Maintained Occupancy Through 2020
- Near Crater Lake & Rogue River Recreation
- Rogue Valley International Airport Proximity
- View Property Video
Location: Airport, Highway
Type: Franchised, Select Service
Cap Rate: 6.27%
ROI/Cash Flow: 2.57%
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Broker Co-op Agreement
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.