Red Roof Inn-Vincennes


Red Roof Inn
1800 S. Old Decker Road Vincennes, IN 47591

Hospitality

Contact: Richard Clements
Building/Unit Size: 25,080 SF
Total Land Size: 5.131 AC
Sale Price: $1,970,000
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Description

NOW AVAILABLE – 39-unit Red Roof Inn located in Historic Vincennes, Indiana. Take advantage of this opportunity to own a consistently profitable property, conveniently located within the heart of the Wabash Valley industrial corridor with over twelve major industrial facilities (refinery, power plants, manufacturing plants) located within thirty (30) miles. This has produced a large base of corporate contract customers – generating solid profits year in and year out.

This property has fully recovered from COVID lows, with REVPAR figures at or above historic highs (25% increase Y/Y from August 2020).  Experiencing numerous 100% occupancy nights in August, September, and October of current year, leading to REVPAR numbers exceeding comparison set during large portions of the last three (3)months. Get in contact now and schedule your visit.

  • Property improvements since 2017 include: Upgraded interiors and exterior; electronics upgrades, parking lot improvements and counters/surfaces upgrades
  • Upcoming improvements include: Case goods for select room classes; common space flooring and window treatments
  • Property amenities include: Wi-Fi, Indoor Pool, Breakfast Café and Business Center

 

Property Description: Red Roof Inn-Vincennes is consist of two (2) buildings containing 39 air-conditioned rooms featuring refrigerators, microwaves, 37-inch flat-screen televisions with cable programming and  complimentary wireless Internet access. Private bathrooms with shower/tub combinations feature complimentary toiletries and hair dryers. Conveniences include desks and coffee/tea makers, as well as phones with free local calls. Other property amenities include an indoor swimming pool, Breakfast Café and Business Center.

Location Description: Red Roof Inn-Vincennes is situated in the entertainment district of Vincennes, Indiana, within a 5-minute drive to Good Samaritan Health Pavilion, including Good Samaritan Hospital and Good Samaritan Accreditations. This motel is 2.2 mi (3.5 km) from Rogers Clark National Historical Park and 3.1 mi (5 km) from Vincennes University.

Vincennes, IN is the county seat of Knox County, and is located on the lower Wabash River in the southwest part of the state, nearly halfway between Evansville and Terre Haute.

 

 

 

 

Property Details

Property Use Type: Investment,
Property Status: Existing
County: Knox
Traffic Count: US-41: 16,079 VPD
Parcel: 42-12-33-100-005.000-023; 42-12-33-102-009.000-023
Zoning: C-2
Total Number of Buildings: 2
Total Stories: 2
Year Built: 1984/1994
Roof Type: Gable
Construction/Siding: Brick,
Total Parking Spaces: Asphalt lot provides ample parking
Parking Type: Surface
Part of Planned Development: No
Flood Plain: No
Franchised Business: Yes
Average Occupancy Rate: Running 3 mos: 77% / YTD August 2021: 57.3%
Water Creation: Indoor Pool,
Laundry: Laundromat Nearby
Total Units: 39
Name Establishment: Red Roof Inn-Vincennes

Map

1800 South Old Decker Road, Vincennes, IN, USA

Contact


Richard Clements
Commercial Real Estate Broker
rclements@summitrealestate.us