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34256819
34256820

2930 Hospitality Road, Tallahassee, FL 32303

JD
AZ SA675144000
NewGen Advisory Phoenix
Listed by NewGen Advisory Phoenix
$4,300,000
5 days on market
Updated 5 days ago

Red Roof Inn (University)

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 43,524
Keys 103
Year Built 1985
Year Renovated 2024
Stories 2
Acreage 2.960
Zoning CP

About This Property

Marketing description

Located in Florida's capital city, this hotel offering presents a compelling opportunity in one of the Southeast's most stable and institutionally driven lodging markets. Tallahassee serves as a vibrant capital city with a diverse economic base, anchored by state government employment, two major universities, and a growing healthcare sector — demand drivers that insulate the market from cyclical volatility common in leisure-dependent destinations.

The property benefits from consistent room night demand generated by Florida State University and Florida A&M University, together enrolling tens of thousands of students and drawing a steady flow of visiting faculty, families, athletic teams, and event attendees throughout the year. Government-related travel from state agencies and legislative sessions provides an additional layer of weekday occupancy support, while regional healthcare facilities and corporate accounts round out a diversified demand mix.

This offering is well-suited for a range of investor profiles — from experienced hospitality operators seeking stabilized cash flow to first-time hotel buyers entering the lodging industry, as well as owner-operators looking to capture operational upside through hands-on management. Qualified buyers may access financing through Conventional, SBA 7(a), or SBA 504 loan programs, broadening accessibility and enhancing potential leveraged returns.

Investment highlights

  • Prime Tallahassee location with convenient access to major employment centers, state government offices, universities, healthcare facilities, and regional demand generators

  • Benefits from educational demand generators like Florida State University & Florida A&M University

  • Owner-operator or investment opportunity

  • Suitable for: experienced hospitality investors seeking cash-flow potential, first-time hotel owners entering the lodging industry, and owner-operators seeking hands-on operational upside.

  • Financing available for qualified buyers via conventional, SBA 7a, and SBA 504

Listing Contacts

JD
AZ SA675144000
NewGen Advisory Phoenix
Listed by NewGen Advisory Phoenix

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Map

Zoning

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CP CommercialSpecial CommercialCommercial Parkway
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Last updated Apr 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Ronald Clyde Robbins
License
FL #BK3209179
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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