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Red Roof Inn & Clarion Pointe 2 Hospitality Properties Online Auction Sale Richmond, KY
INVESTMENT HIGHLIGHTS
- Portfolio of Red Roof Inn and Clarion Pointe offering 158 combined guest rooms, situated just off Interstate 75 with proximity to major attractions.
- Visible to over 75,000 vehicles per day on Interstate 75, providing great exposure to a large number of traveling potential guests.
- Third straight year of record-breaking tourism in Kentucky, with over 80 million visitors delivering more than $10 billion in spending.
- Attracts consistent demand with proximity to Eastern Kentucky University (14,500+ students) and the University of Kentucky (38,700+ students).
- Easy access to top regional attractions, such as Boonesborough State Park, White Hall Historic Site, Kentucky Horse Park, and Keeneland Race Course.
- Coming in Spring of 2026, the Richmond Sports Complex, a 280 acre, $52m park, located 2 miles from the properties.
EXECUTIVE SUMMARY
The Richmond, KY, Hotel Portfolio presents a compelling value-add opportunity for hospitality investors, offering two strategically located properties in a thriving market with a proven track record for tourism growth.
The Red Roof Inn Richmond, at 111 Bahama Court, features 65 keys across three stories and was recently renovated in 2019 (indoor pool), sitting on a 1.66-acre lot with parking for 59 vehicles. The Clarion Pointe Richmond North near University at 1751 Lexington Road, adds further appeal with 93 keys, an expansive 2.93-acre lot with parking for 115 vehicles, and amenities such as a seasonal outdoor pool, fitness center, and a reservable, equipped meeting space. The hotels are well-maintained with features designed to attract both leisure and business travelers.
Both hotels benefit from proximity to Eastern Kentucky University (14,500+ students), just 3 miles away, and are only 23 miles from the University of Kentucky (38,700+ students), ensuring a steady flow of guests year-round. The portfolio’s prime location offers easy access to top regional attractions, including Boonesborough State Park, Kentucky Horse Park, Keeneland Race Course, cultural destinations such as the White Hall Historic Site, and the highly rated Gibson Bay Golf Course. Both properties are highly visible to robust traveler counts, placed directly off Interstate 75, which sees 75,000 vehicles passing daily. There is a new 280 acre sports complex due to be finished in spring '26. Guests enjoy the convenience of being within walking distance of a neighboring Cracker Barrel, while added national dining options sit across the Interstate, including McDonald’s, Subway, Pizza Hut, Taco Bell, Dairy Queen, and more.
Notably, the Georgetown/Richmond Area Submarket is experiencing no new hotel construction, creating a rare window for investors to reposition these assets and capture untapped demand. With Kentucky tourism reaching record-breaking heights for the third consecutive year, drawing 80 million tourists and generating over $10 billion in spending in 2024, the Richmond, KY, Hotel Portfolio is primed for expansion and enhanced performance, making it an attractive choice for value-focused investors seeking to maximize returns with a portfolio of scale in a dynamic hospitality market.
Property tours are by appointment only. Please contact the listing broker to schedule.
The Red Roof Inn Richmond, at 111 Bahama Court, features 65 keys across three stories and was recently renovated in 2019 (indoor pool), sitting on a 1.66-acre lot with parking for 59 vehicles. The Clarion Pointe Richmond North near University at 1751 Lexington Road, adds further appeal with 93 keys, an expansive 2.93-acre lot with parking for 115 vehicles, and amenities such as a seasonal outdoor pool, fitness center, and a reservable, equipped meeting space. The hotels are well-maintained with features designed to attract both leisure and business travelers.
Both hotels benefit from proximity to Eastern Kentucky University (14,500+ students), just 3 miles away, and are only 23 miles from the University of Kentucky (38,700+ students), ensuring a steady flow of guests year-round. The portfolio’s prime location offers easy access to top regional attractions, including Boonesborough State Park, Kentucky Horse Park, Keeneland Race Course, cultural destinations such as the White Hall Historic Site, and the highly rated Gibson Bay Golf Course. Both properties are highly visible to robust traveler counts, placed directly off Interstate 75, which sees 75,000 vehicles passing daily. There is a new 280 acre sports complex due to be finished in spring '26. Guests enjoy the convenience of being within walking distance of a neighboring Cracker Barrel, while added national dining options sit across the Interstate, including McDonald’s, Subway, Pizza Hut, Taco Bell, Dairy Queen, and more.
Notably, the Georgetown/Richmond Area Submarket is experiencing no new hotel construction, creating a rare window for investors to reposition these assets and capture untapped demand. With Kentucky tourism reaching record-breaking heights for the third consecutive year, drawing 80 million tourists and generating over $10 billion in spending in 2024, the Richmond, KY, Hotel Portfolio is primed for expansion and enhanced performance, making it an attractive choice for value-focused investors seeking to maximize returns with a portfolio of scale in a dynamic hospitality market.
Property tours are by appointment only. Please contact the listing broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- PIP
- STR Reports
- Leases
PROPERTY FACTS
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 82,343 SF |
| Sale Type | Investment | Total Land Area | 4.59 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 82,343 SF |
| Total Land Area | 4.59 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
|
Clarion Pointe Richmond North near University
1751 Lexington Rd, Richmond, KY 40475 |
Hospitality | 52,733 SF | 1984 |
|
Red Roof Inn Richmond, KY
111 Bahama Ct, Richmond, KY 40475 |
Hospitality | 29,610 SF | 1999 |
SALE ADVISOR
SALE ADVISOR
Sam English, CFA, Senior Director
Sam is a member of the Cushman & Wakefield's National Hospitality Capital Markets team specializing in acquisition, disposition and advisory services. He focuses on Hotel properties in a wide geographic area including Kentucky, Indiana, Ohio and Tennessee.
Sam was a part of the Cushman & Wakefield team from 1982 to 1993 and returned in 2011, bringing 18 years of capital markets and financial expertise to complement his foundational commercial real estate expertise. This unique combination of market perspectives - understanding both the operational and financial sides of commercial real estate - enables him to provide clients with comprehensive investment insights and strategic guidance that bridges the gap between property fundamentals and capital market dynamics.
Sam received his bachelor’s degree from the University of Kentucky and a MBA from the University of North Carolina. He is a Chartered Financial Analyst (CFA) and has earned the Certified Commercial Investment Manager (CCIM) designation.
Sam was a part of the Cushman & Wakefield team from 1982 to 1993 and returned in 2011, bringing 18 years of capital markets and financial expertise to complement his foundational commercial real estate expertise. This unique combination of market perspectives - understanding both the operational and financial sides of commercial real estate - enables him to provide clients with comprehensive investment insights and strategic guidance that bridges the gap between property fundamentals and capital market dynamics.
Sam received his bachelor’s degree from the University of Kentucky and a MBA from the University of North Carolina. He is a Chartered Financial Analyst (CFA) and has earned the Certified Commercial Investment Manager (CCIM) designation.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Kevin Loudy
Contact
Auctioneer License:
Ten-X Samantha Corbat RE Brkr 281541; Arlene Richardson Auctioneer 274628
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Red Roof Inn & Clarion Pointe
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