The Hilco Global Real Estate Practice announces October 5 as the auction date for the Red Roof Inn & Suites Macon. This 89-room, economy-class, franchise-affiliated hotel sits just off Interstate 75 in the Riverside Plaza submarket of Macon, Georgia. Built in 1974 and renovated in 2018, the six-story, masonry-constructed property sits on a 1.17± AC site and features an outdoor pool, fitness center, business center and 325± SF of meeting space.
The hotel benefits from excellent highway visibility and accessibility, with more than 24,000 vehicles passing daily on Riverside Drive. Positioned between downtown Macon and the Northside business district, the property is near key demand generators including Mercer University, the Tubman Museum, the Museum of Arts and Sciences and Lake Tobesofkee Recreation Area. The Riverside Plaza submarket reported 54.7% occupancy and a $90.09 ADR over the trailing 12 months, making the area ideal for investors looking for economy-grade hotels with strong performances.