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Red Roof Inn Reading 2545 N 5th Street Hwy 76 Room Hotel Reading, PA 19605 $7,891,760 CAD ($103,839 CAD/Room) 10.71% Cap Rate
Investment Highlights
- Completed Total Room Renovation in Dec 2022
- Excellent Location off state highway with 25,000 Daily Traffic Count and Close to Multiple Year-Round Demand Generators
- Popular and Profitable Restaurant and Bar/Lounge Onsite for Additional Income Options
- Revenue Has Double Since Guestroom Renovations Have Been Completed
Executive Summary
Excellent Opportunity to Purchase Top Budget-Economy Brand in Stabilized Market with Multiple Year-Round Demand Drivers
Sale Price Well Below Replacement Cost
Established, Successful Restaurant and Bar/Lounge Onsite Provides Additional Income Options
$1.5M Total Room Renovation Completed Dec 2022 - Revenue Has Doubled Since Then
Sale Price Well Below Replacement Cost
Established, Successful Restaurant and Bar/Lounge Onsite Provides Additional Income Options
$1.5M Total Room Renovation Completed Dec 2022 - Revenue Has Doubled Since Then
Property Facts
| Price | $7,891,760 CAD | Lot Size | 4.12 AC |
| Price Per Room | $103,839 CAD | Building Size | 74,716 SF |
| Sale Type | Investment | No. Rooms | 76 |
| Cap Rate | 10.71% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1964/2022 |
| Property Subtype | Hotel | Parking Ratio | 2.88/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | HC - Highway Commercial | ||
| Price | $7,891,760 CAD |
| Price Per Room | $103,839 CAD |
| Sale Type | Investment |
| Cap Rate | 10.71% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.12 AC |
| Building Size | 74,716 SF |
| No. Rooms | 76 |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2022 |
| Parking Ratio | 2.88/1,000 SF |
| Corridor | Interior |
| Zoning | HC - Highway Commercial |
Amenities
- Business Center
- Restaurant
- Wheelchair Accessible
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 76 | $131.76 CAD | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 66-5308-16-82-1865 | Improvements Assessment | $1,092,769 CAD |
| Land Assessment | $617,891 CAD | Total Assessment | $1,710,659 CAD |
Property Taxes
Parcel Number
66-5308-16-82-1865
Land Assessment
$617,891 CAD
Improvements Assessment
$1,092,769 CAD
Total Assessment
$1,710,659 CAD
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Red Roof Inn Reading | 2545 N 5th Street Hwy
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