Red Carpet Inn Atlantic City

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Red Carpet Inn Atlantic City, located at 1104 Pacific Ave Atlantic City, NJ 08401. The subject property is a 34-room, three-story, exterior-corridor, limited-service hotel constructed in 1930, situated on approximately 0.14 acres, and strategically located on Pacific Avenue to provide immediate proximity to the Atlantic City Boardwalk, high-density casino resorts, and major transit routes via the Atlantic City Expressway. The asset is offered fee simple, unencumbered by debt, and free of third-party management.

Atlantic City, New Jersey serves as a premier coastal destination and a massive economic engine for the Mid-Atlantic region. The market is fueled by an influx of over 27 million annual visitors drawn to the city's famous Boardwalk, expansive beaches, headline entertainment, and iconic resort attractions. This massive visitor base generates an incredibly high-volume tourism economy with billions in annual visitor spending, including over $3.2 billion in net revenue generated by the local casino industry alone. Beyond leisure travel, the city operates as a vital hub for regional commerce and group demand. The nearly one-million-square-foot Atlantic City Convention Center hosts over 500,000 attendees annually across more than 200 event days, driving consistent, baseline lodging demand. Strategically positioned with direct access via the Atlantic City Expressway, the property is perfectly situated to capture robust transient and overflow volume from this steady influx of convention-goers, tourists, and commercial travelers, ensuring strong year-round occupancy from a diverse mix of demand generators.

The Red Carpet Inn presents a compelling opportunity to acquire a well-maintained, 34-room limited-service hotel in good condition. Situated in a prime location, the property provides immediate proximity to the Atlantic City Boardwalk, high-density casino resorts, and the Atlantic City Convention Center. Offered fee simple and unencumbered by debt or third-party management, the hotel is perfectly positioned to capture robust, year-round transient and overflow volume. Most notably, the property projects to be a highly lucrative, cash-flowing asset upon the implementation of its projected operational strategy.

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