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Hotel-Motel

Courtyard by Marriott Macon

3990 Sheraton Dr, Macon, GA 31210

Listing Price: $9,500,000

Cap Rate
8.84%
Number of Rooms
108
RevPAR
$75
Gross SF
76,392
Price/Room
$87,963
RRM
3.23
Price/Gross SF
$124.36
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 108-unit, Courtyard Macon, located in Macon, Georgia. The subject property is ideally located on 3.08 acres of land and features 3 floors of well-maintained guest rooms. Premium amenities at the property consists of a 24-hour market, dining area and full bar, as well as meeting space and banquet facilities. Common area amenities include a business center with fax & photocopy machine, fitness center, free on-site parking, dry cleaning and laundry facilities, and an outdoor fire place with a lounge area. Each guest room is equipped with free Wi-Fi, desk with chair, flat-screen TV, seating area with a sofa bed, private bathroom, and an in-room coffee & tea maker. The Courtyard is ideally located off I-75, just 6 miles outside of downtown Macon. Macon is considered the state of Georgia’s geographic center, about 85 miles southeast of Atlanta hence the city's nickname, "The Heart of Georgia". Macon is served by three interstate highways: I-16 (connecting the city to Savannah and coastal Georgia), I-75 (connecting the city with Atlanta to the north and Valdosta to the south), and I-475 (a city bypass highway). The city has several institutions of higher education, as well as numerous museums and tourism sites. The area is served by Middle Georgia Regional Airport and Herbert Smart Downtown Airport. Macon, Georgia is a unique city where culture, commerce and community flourish. Top historic attractions in the area include the Ocmulgee National Monument, the Tubman Museum, and the Allman Brothers Band Museum. These historic sites feature artifacts, art, history, and culture from years ago for visitors to learn about. Macon is also home to Mercer University, a small, private research university with nearly 5,000 students.

Investment Highlights

  • Fee simple interest in the 108-unit, Courtyard Macon, located in Macon, Georgia
  • Conveniently located off I-75 | Close prxomity to all demand generators
  • Macon is considered the "Heart of Georgia" and served by 3 interstate highway (I-16, I-75, I-475)
  • Historic Sites | Tubman Museum, Allman Borthers Band Museum, Ocmulgee National Monument

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Hotel-Motel

Courtyard by Marriott Macon

Listing Price: $9,500,000

Cap Rate
8.84%
Number of Rooms
108
RevPAR
$75
Gross SF
76,392
Price/Room
$87,963
RRM
3.23
Price/Gross SF
$124.36
Year Built
1990

Investment Highlights

  • Fee simple interest in the 108-unit, Courtyard Macon, located in Macon, Georgia
  • Conveniently located off I-75 | Close prxomity to all demand generators
  • Macon is considered the "Heart of Georgia" and served by 3 interstate highway (I-16, I-75, I-475)
  • Historic Sites | Tubman Museum, Allman Borthers Band Museum, Ocmulgee National Monument

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 108-unit, Courtyard Macon, located in Macon, Georgia. The subject property is ideally located on 3.08 acres of land and features 3 floors of well-maintained guest rooms. Premium amenities at the property consists of a 24-hour market, dining area and full bar, as well as meeting space and banquet facilities. Common area amenities include a business center with fax & photocopy machine, fitness center, free on-site parking, dry cleaning and laundry facilities, and an outdoor fire place with a lounge area. Each guest room is equipped with free Wi-Fi, desk with chair, flat-screen TV, seating area with a sofa bed, private bathroom, and an in-room coffee & tea maker. The Courtyard is ideally located off I-75, just 6 miles outside of downtown Macon. Macon is considered the state of Georgia’s geographic center, about 85 miles southeast of Atlanta hence the city's nickname, "The Heart of Georgia". Macon is served by three interstate highways: I-16 (connecting the city to Savannah and coastal Georgia), I-75 (connecting the city with Atlanta to the north and Valdosta to the south), and I-475 (a city bypass highway). The city has several institutions of higher education, as well as numerous museums and tourism sites. The area is served by Middle Georgia Regional Airport and Herbert Smart Downtown Airport. Macon, Georgia is a unique city where culture, commerce and community flourish. Top historic attractions in the area include the Ocmulgee National Monument, the Tubman Museum, and the Allman Brothers Band Museum. These historic sites feature artifacts, art, history, and culture from years ago for visitors to learn about. Macon is also home to Mercer University, a small, private research university with nearly 5,000 students.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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