HREC Investment Advisors (“HREC IA”) and RealINSIGHT Marketplace are pleased to present to qualified investors the opportunity to acquire the fee-simple interest in the 71 guestroom Country Inn & Suites Valdosta (“Hotel” or “Property”) located directly off of Interstate 75 (I-75) at 1308 N. St. Augustine Road, Valdosta, GA 31601.
Valdosta, Georgia is located in southcentral Georgia, 80 miles northeast of Tallahassee, 120 miles northwest of Jacksonville, and 230 miles southeast of Atlanta. Valdosta, with a population of roughly 56,000, is the principal city of the Valdosta Metropolitan Statistical Area, which has a population of roughly 140,000. Valdosta is the commercial and medical hub in southcentral Georgia, with industries including tourism, healthcare, retail and distribution, and defense. Additionally, Valdosta is home to four colleges/universities and, quite importantly, a major military installation in Moody Airforce Base.
The Country Inn & Suites Valdosta is located directly off of I-75, a major north-south highway connecting Valdosta to cities such as Miami, Tampa, Atlanta, Cincinnati, and Detroit, and also provides a significant source of transient demand for the Hotel. Additionally, the Hotel is well located proximate to demand generators such as Valdosta Mall, Valdosta State University, South Georgia Medical Center, Wild Adventures Theme Park, and Moody Airforce Base.
While the Hotel has consistently achieved revenues over $1.7 million, there is still significant room to grow RevPAR following a much-needed and comprehensive refresh PIP renovation. The Hotel is currently performing 5th in its competitive set in RevPAR penetration, due in large part to the Property’s dated product resulting in an inability to push ADR. A new owner will have the opportunity to strategically execute a PIP allowing the Property to increase ADR and capture its fair share - or greater - of RevPAR penetration
PREMIER HOSPITALITY MORTGAGE BROKERAGE FIRM
HREC is one the nation’s leading hospitality real estate capital advisory firms.
We provide the following benefits to our clients:
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
1308 North Saint Augustine Road, Valdosta, GA 31601
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.