DOUBLETREE BY HILTON AUGUSTA

2651 PERIMETER PKWY

AUGUSTA, GA 30909


Availability: Closed

Price: $15,100,000

Address:
2651 Perimeter Pkwy

Augusta, GA 30909

Number of Rooms: 182

Year Built: 1990

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 182-room DoubleTree by Hilton located in Augusta, Georgia. The hotel is a six-story property built in 1990 and located just off Interstate 20, one exit from the entrance to Augusta National. DoubleTree by Hilton Hotel Augusta provides the opportunity for a new owner to acquire a full-service hotel with potential to realize significant NOI growth through completion of the PIP, revitalized hands-on management, rethinking and restructuring the payroll model and continued utilization of the Hilton name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

  • Strong Positive RevPAR Trend
  • Located One Exit from the Entrance to Augusta National Golf Club
  • Profitable Food & Beverage Department
  • Upside Through a More Efficient Staffing Model
  • Property is Located Just off I-20 and I-520
  • Also Proximate to Doctors Hospital of Augusta, Augusta University Medical Center, Fort Eisenhower, and More

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
GA Broker of Record
678.808.2700 Direct
License: 252904