75-Room Red Roof Inn – For Sale

$1,950,000.00

Listing Description

Street1201 S. HWY 27
CitySomerset
StateKentucky
Zip/Postal Code42501
Listed By (One of the following must be checked):Broker / Agent
Number of Units75
Type of ListingFranchise
Year Built1963
# of Floors2
Room Revenue$710,298.00

Comments

Highlights

  • Renovated in 2016
  • Common amenities include: outdoor pool, meeting facility, bus/truck parking available
  • Conveniently located on S. Hwy 27
  • Well located in popular tourist destination

Description

OFFER DEADLINE: March 12

ASKING PRICE: $1,950,000

This 75-room Red Roof Inn was originally built in 1963 but was recently renovated in 2016. It includes common amenities such as an outdoor pool, meeting facility, and bus/truck parking. The hotel is well located near popular attractions including Lake Cumberland Regional Hospital, SomerSplash Waterpark, Haney's Appledale Farm, Mill Springs Battlefield, Lake Cumberland, Cumberland Falls State Park, and Renfro Valley. The property also happens to be situated proximate to Somerset Community College, Lake Cumberland Regional Airport (SME) and London-Corbin Airport (LOZ).

Location

Red Roof Inn Somerset is near beautiful Lake Cumberland—one of the largest man-made lakes in the nation, nestled by the Daniel Boone National Forest. The area receives a large amount of visitors every year as tourists flock to the area’s available recreational activities such as boating, waterskiing, canoeing and hiking. The area also includes various historical site attractions and an abundance of shopping, local eateries and vineyards.

For more information, please visit:

https://www.hilcorealestate.com/properties-for-sale/inventory?propertyId=hotel-ky-somerset