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206 E White Horse PikeGalloway, NJ 08205
Red Carpet Inn
Asset ClassHotel & Hospitality
# Keys: 23Year Built: 1986Access Data Room
Value-Add Investment in the Atlantic City MSA
overview of deal

Overview

The Red Carpet Inn is a 23-key, exterior-corridor limited-service motel strategically located along the high-traffic East White Horse Pike (US Route 30) in Galloway Township, NJ. Positioned just minutes from the Garden State Parkway (Exit 40), the property offers convenient access to major regional arterial routes. Galloway Township sits approximately one hour from Philadelphia and two hours from New York City, positioning the property within reach of two major metro feeder markets.

 

Built in 1986, this asset presents a value-add opportunity to capitalize on stabilized, year-round demand within the Atlantic City MSA through a light-to-moderate repositioning program. With seller financing available and straightforward operational mechanics typical of a small motel asset, the property serves as an accessible entry point for a first-time motelier or an owner-operator expanding a regional drive-to hospitality portfolio.

 

The market is anchored by Stockton University, a public university founded in 1969 with a second campus in Atlantic City, and by nearly 9,600 total enrolled students across more than 160 areas of study — providing a steady source of parent, visitor, and event-driven room demand year-round.

 

Demand generators extend well beyond the university: the township hosted the 1942 PGA Championship and remains home to the annual LPGA ShopRite Classic, alongside a cluster of well-regarded golf clubs. Historic Smithville draws leisure travelers with its restored buildings, cobblestone paths, and events ranging from a British Car Show to a renaissance fair, while outdoor enthusiasts are drawn to the Edwin B. Forsythe National Wildlife Refuge for hiking, kayaking, and birdwatching.

Investment Highlights

  • Seller financing available
  • Recent updates include new heater/aircons in rooms and ongoing asphalt maintenance
  • Spacious manager's residence with multiple bedrooms, finished basement, and commercial laundry capability onsite
  • Value add / repositioning upside
  • Great opportunity for first time hotelier
  • Year round segment demand

Demand Generators

Miles from Hotel
Historic Smithville (Shopping & Dining)
~3 miles
Edwin B. Forsythe National Wildlife Refuge
~4 miles
Garden State Parkway (Exit 41)
~5 miles
AtlantiCare Regional Medical Center
~5 miles
Stockton University (9,600+ Students)
~6 miles
Hamilton Mall (100+ Stores)
~9 miles
Atlantic City International Airport (ACY)
~9 miles
Atlantic City Boardwalk & Casinos
~12 miles
Atlantic City Convention Center
~13 miles
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206 E White Horse PikeGalloway, NJ 08205

Sales Team

Jigar "Jay" DesaiSenior Vice President

License #: AZ SA675144000

(520) 664-4091jigar.desai@newgenadv.com
Suraj RamaAssociate

License #: AZ#SA705370000

(602) 363-9589suraj.rama@newgenadv.com
Seth KatzBroker of Record

License #: NJ 0569965

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