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Hotel-Motel

Days Inn Albany

422 W Oglethorpe Blvd, Albany, GA 31701

Listing Price: $1,800,000

Cap Rate
10.06%
Number of Rooms
75
Gross SF
37,202
Price/Room
$24,000
Price/Gross SF
$48.38
Year Built
1960

Investment Overview

Marcus and Millichap is pleased to present the fee simple interest in the 75-room, two-story, Days Inn Albany. This exterior corridor property provides investors with a unique opportunity to acquire a strong and robust cash flowing asset in a market like no other. Some of the community’s best-known industries include Procter & Gamble, MillerCoors, Coats & Clark, Georgia Pacific, Mars Chocolate North America, and Pfizer. Operationally, the hotel has fared exceptionally well during COVID-19 and has INCREASED revenue in the year 2020 relative to previous years demonstrating the market potential for a new operator and the overall region.

Investment Highlights

  • Seller has informed the property can be converted to 90 rooms from the current 75-rooms stated in the STR Report via the conversion of the on-site manager's apartment, owner's suite, and storage rooms
  • In 2020, the property has produced gross revenue of 486,852 dollars outperforming pre-pandemic levels and demonstrating itself as a recession-proof asset.
  • Excellent entry-level hotel for a new operator looking to break into the hospitality industry on a safe cash-flowing asset.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $1,800,000

Cap Rate
10.06%
Number of Rooms
75
Gross SF
37,202
Price/Room
$24,000
Price/Gross SF
$48.38
Year Built
1960

Investment Highlights

  • Seller has informed the property can be converted to 90 rooms from the current 75-rooms stated in the STR Report via the conversion of the on-site manager's apartment, owner's suite, and storage rooms
  • In 2020, the property has produced gross revenue of 486,852 dollars outperforming pre-pandemic levels and demonstrating itself as a recession-proof asset.
  • Excellent entry-level hotel for a new operator looking to break into the hospitality industry on a safe cash-flowing asset.

Investment Overview

Marcus and Millichap is pleased to present the fee simple interest in the 75-room, two-story, Days Inn Albany. This exterior corridor property provides investors with a unique opportunity to acquire a strong and robust cash flowing asset in a market like no other. Some of the community’s best-known industries include Procter & Gamble, MillerCoors, Coats & Clark, Georgia Pacific, Mars Chocolate North America, and Pfizer. Operationally, the hotel has fared exceptionally well during COVID-19 and has INCREASED revenue in the year 2020 relative to previous years demonstrating the market potential for a new operator and the overall region.

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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