Red Roof Inn Madisonville 203 N I-45

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Red Roof Inn Madisonville (‘Hotel’ or ‘Property’) located in Madisonville, Texas. The Red Roof-branded Hotel is offered at $2,550,000 or $63,750 per key.
The Red Roof Inn Madisonville is a 40-room, two-story Hotel located at 203 I-45, Madisonville, Texas. The Property is highly visible and easily accessible off I-45, near the intersection of US Highway 190. which sees nearly 35,000 vehicles as annual average daily traffic. Various common area amenities at the Property include a picnic area, snack center and limited parking for buses/trucks. The property also maintains an on-site three-bedroom owner’s quarters.
Current ownership has pridefully maintained the property by completing a full remodel in 2023. Renovations consisted of new paint work, flooring/baseboards, electrical outlets/switches, lighting, new furniture/mirrors/mattresses/bed frames, bathroom doors/doorknobs, tub surrounds, bathtubs, toilets, vanity and vanity faucets, vanity mirrors, vanity lighting, door locks, hallway flooring/lighting.
Madisonville, known as the "Gateway to the Texas Triangle," occupies a pivotal location where state highways 21 and 90 intersect with U.S. highways 75 and 190, and Interstate Highway 45. This strategic positioning offers significant advantages for logistics, transportation efficiency, and accessibility to major urban centers. Located 35 miles from College Station, 85 miles from Houston, 120 miles from Austin, and 150 miles from Dallas, Madisonville serves as a critical hub facilitating seamless connectivity across the region.
In addition to its strategic location, Madisonville's economy is supported by key local attractions and businesses that enhance the town's economic vibrancy. Nearby, Lone Star Olive Ranch stands as one of Texas' notable olive producers, situated less than ten miles from the area. Less than a mile from the property, one of the largest Buc-ee's locations offers substantial employment opportunities and attracts over 3,200 travelers per day. Additionally, Madisonville hosts the annual Texas Mushroom Festival Celebration each October, drawing visitors from across the state.
The town's economy is bolstered by its proximity to esteemed educational institutions. Sam Houston State University, less than 30 miles away, boasts an enrollment of over 20,000 students, while Texas A&M University, within a 45-minute drive, enrolls more than 70,000 students and known for their excellence in engineering, agriculture, and business education. These factors collectively underscore Madisonville's appeal as a prime location for investment, particularly in the hospitality sector, leveraging its strategic advantages.
Within proximity of the hotel lie various distinct demand generators that contribute to Madisonville’s tourism landscape. The Madisonville Christmas Company (.5 miles), known for its seasonal charm and festive offerings, draws families and holiday enthusiasts seeking unique experiences during the winter months. Nearby, Lake Madison Park (1.8 miles) provides recreational opportunities such as fishing, boating, and picnicking, appealing to outdoor enthusiasts year-round. The Madison County Museum (2.3 miles) showcases the region's rich history and cultural heritage, attracting history buffs and educational tours. Fossil Tree Farm (4.8 miles) offers a distinctive agritourism experience, where visitors can explore and learn about fossil hunting and agricultural practices. Additionally, Fannin Parks Golf Course & Event Center (5.6 miles) serves as a hub for golf enthusiasts and hosts various events, including corporate outings and weddings, bolstering demand for nearby accommodations.