DAYS INN VALDOSTA-LAKE PARK

4913 TIMBER DR

LAKE PARK, GA 31636


Availability: Closed

Price: $3,470,000

Address:
4913 Timber Dr

Lake Park, GA 31636

Number of Rooms: Number of 94

Gross SF: 106,286

Year Built: Price/Room: $39,894

INVESTMENT OVERVIEW

Hunter | Havericak | Altman Hotel Group has been exclusively retained to offer for sale the fee simple interest in the 94-room Days Inn located in Lake Park, Georgia a suburb of Valdosta. The hotel is a 2-story exterior corridor property built-in 1991 located directly off Interstate 75, providing ease of access for commerce and tourism. Days Inn provides the opportunity for a new owner to acquire a Wyndham hotel with potential to realize significant RevPAR growth through hands-on management and a complete re-branding and utilization of the Wyndham name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

  • Seller Will Entertain Holding a Small Second Note to Minimize a Buyer’s Required Down Payment
  • Property and Competitive Set Both Have Made a Strong Recovery from COVID-19 in all STR Metrics
  • Roof Replaced in 2019
  • Proximity to Major Demand Generators: Moody Air Force Base, Wild Adventures, Rainwater Conference Center, Valdosta Regional Airport, Packaging Corporation of America, Lowe’s Distribution Center, and The Home Depot Distribution Center
  • Property Outperformed Pre-COVID-19 Numbers in 2021 in all STR Metrics as of November 2021
  • Competitive Set Has Performed Well in all STR Metrics in 2021, Which Shows Stability
  • Property is Directly Off I-75

EXCLUSIVELY LISTED BY

ROBERT S. HUNTER

Robert.Hunter@MarcusMillichap.com

(954) 245-3473

R. MCLEAN HICKLIN III

Mclean.Hicklin@MarcusMillichap.com

(864) 923-6223

BROKER OF RECORD

John Leonard

Broker of Record
1100 Abernathy Rd., N.E. Bldg. 500, Ste. 600
Atlanta, GA 30328
P: (678) 808-2700
Lic #: 252904