Red Carpet Inn | Value-Add Hotel 2016 Old Us-31

Red Carpet Inn Clarksville is the premier investment in Jeffersonville, Indiana. This three-story motel was built in 1985 as a Motel 6 with 98 rooms, 70 of which are rentable today. The asset consists of 51 singles and 19 double rooms with double beds. There are also ADA-compliant units available. There is an additional one-bedroom manager's apartment with a kitchen. The property features exterior corridors with an elevator to access the upper rooms. Amenities include a seasonal outdoor pool, self-serve laundry, surface parking, vending machines, and an ATM. There are individual air conditioning units that are less than two years old and 28 rooms have been totally renovated, some stripped down to the studs. The hot water system was also updated in 2024. There is ample on-site opportunity for investors given the value-add nature of the deal. Buyers can continue running the property under the Red Carpet branding or convert to another brand to generate RevPAR. Investors can also convert the property into 49 one-bedroom apartments. Situated on nearly 2.25 acres, the site may have alternative uses.

Jeffersonville is a city in Clark County, Indiana, along the Ohio River. Locally, the city is often referred to by the abbreviated name Jeff. It is directly across the Ohio River to the north of Louisville, Kentucky, along Interstate 65. The city is the county seat of Clark County. The Louisville/ Jefferson County, KY–IN Metropolitan Statistical Area (MSA), commonly called the Louisville metropolitan area or Kentuckiana, is the 43rd largest MSA in the United States. Louisville is at the heart of it all, located on the Kentucky-Indiana border. The largest metropolitan area between St. Louis to the west, Cincinnati to the east, and Indianapolis and Nashville to the north and south. Its unique location and geography have made Louisville a cosmopolitan hub of transportation, commerce, and cultural exchange. Louisville/Jeffersonville are within a day’s drive of more than half the nation’s population. Centrally located and connected to points north, south, east, and west. Louisville’s central location and excellent transportation systems make this region a prime site for industry. Kentucky’s location advantage facilitates the distribution of goods and materials to a massive industrial and consumer market. Kentucky’s borders are within 600 miles of over 65% of the nation’s population, personal income, and manufacturing business establishments. Kentucky business is served by two international airports plus three global shipping hubs.

Beyond the large-scale healthcare operations of Humana and Baptist Health, Louisville is also the home of numerous international corporations such as Yum Brands Inc., Brown-Forman Corp., Papa John’s International, PharMerica Corp., Texas Roadhouse Inc., and Churchill Downs Inc. Other companies with a significant presence include UPS - whose airline subsidiary, UPS Airlines, is headquartered in Louisville, Ford Motor Company, GE Appliances, and Amazon. Tourism is one of Louisville’s chief industries, accounting for more than 63,000 jobs in Jefferson County. The county benefited from $3.4 billion in tourism spending from its visitors in 2023. The city features a multitude of attractions that are unique to Louisville, including Fourth Street Live!, the Urban Bourbon Experience, the Muhammad Ali Center, and the Louisville Slugger Museum & Factory, in addition to large-scale events held at Cardinal Stadium and the KFC Yum! Center, as well as the world-famous Kentucky Derby.

Property tours are available by appointment only. Please contact the listing broker to schedule.