Augusta Hotel Portfolio

Location: Augusta, Georgia

Size: 157 Rooms

Type: Investment Sale

Acquisition Opportunity

F10 Hotels is marketing for sale the Staybridge Suites Augusta and the Country Inn & Suites Augusta. The hotels are located on adjacent parcels near the intersection of Washington Road and Interstate 20 north of downtown Augusta.

Property Description

Staybridge Suites

  • - Built in 2008
  • - 5 stories, 92 guestroom suites
  • - Recent comprehensive renovation that suppressed T-12 NOI
  • - Efficient all-suite operating model
  • - Best location in market

Country Inn & Suites

  • - Built in 2006
  • - 3 stories, 65 guestrooms
  • - Consistent, stable cash flow property
  • - Significant savings with shared expenses across both properties
  • - Discount to replacement

Excellent Location

The hotels are located on adjacent parcels near the intersection of Washington Road and Interstate 20. The proximity and complementary service segments of the hotels provide considerable operating efficiencies for a common owner. Additionally, this area, known as the Washington Road submarket, is home to the region’s premier lodging facilities due to its location near Augusta National (home of the Masters), direct access into downtown Augusta and upscale shopping and dining venues.

Performing Assets with Upside Potential

Both assets are cash flowing but remain middle-of-the-pack relative their respective competitive sets in terms of RevPAR. The Staybridge completed a comprehensive renovation in 2016 and is just now beginning to benefit from the investment with significant growth. The Country Inn & Suites completed a renovation in 2014 and has been a consistent performer over the past half-decade.

High-Growth Market

Augusta has historically been a strong lodging market due to its standing as a popular year-round tourism destination, a regional center for healthcare and commerce and the Masters Golf Tournament. Recently, however, Augusta has become a focal point for national defense as the military executes a plan to relocate U.S. Army Cyber Command from Maryland to Fort Gordon by 2020. Nicknamed the future “Silicon Valley” of cyber security, the influx of investment is already turning Augusta into a mecca. The Hotels are well-positioned to capitalize on the substantial expected growth within the lodging sector.

Download Confidentiality Agreement

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