Red Roof Inn & Suites Medford - JUST LISTED!

Oregon, United States

$3800000

Sale conditions: Market

Snapshot

Active

Ownership: Leasehold
Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Economy
Brand: Red Roof Inn
Corridor: Interior
No. of Keys: 48
Site Size: 0.58 AC

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.

Property includes approximately 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 a high visibility, easy access I-5 property with excellent proximity to restaurants, shops, and galleries.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Economy
Brand: Red Roof Inn
Corridor: Interior
Keys: 48
Building Status: Existing
No. of buildings: 1
Stories: 3
Building size(SF): 17750
Site size: 0.58 AC
Construction Type: Wood Frame
Year Build: 1979
Year Renovated: 2019
Room Inventory Description:

02 - Queen Single
02 - Queen Single ADA
16 - Queen Double
01 - Queen Double Suite
23 - King Single - King Double
04 - King Single Suite

Common area amenities:

Business Center

High Speed Internet

Breakfast Area

Source of Business:

Corporate

Leisure

Sale Note:

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!

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.

Additional Links:

Location


Country: United States
State: Oregon
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Joseph P. Kennedy, CHB

President
Crystal Investment Property, LLC

ID #SP41734
OR #950700057
WA #118409

503 530 1316
info@crystalip.com


Michelle L Kennedy

Principal and Designated Broker
Crystal Investment Property, LLC

ID #DB41712
MT #RRE BRO LIC 5471
OR #970700090
WA #17065

503 530 1316
michelle@crystalip.com


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