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Hotel-Motel

Travelers Inn & Suites

414 W Oglethorpe Blvd, Albany, GA 31701

Listing Price: $1,200,000

Cap Rate
1.00%
Number of Rooms
66
RevPAR
$1
Gross SF
35,000
Price/Room
$18,182
Price/Gross SF
$34.29
Year Built
1960

Investment Overview

Marcus and Millichap is pleased to present the fee simple interest in the 66-room, two-story, independent flagged, Travelers Inn & Suites. Originally, the property was built as a 96-unit hotel, however, previous ownership condensed 54 rooms into 27 suites along with 3 units into an apartment and 2 units into an office space. The 27 suites are composed of over 650 square feet of which two suites contain kitchenettes. Currently, the Albany, Georgia market offers no extended stay products, enhancing the incentive for future ownership to convert or rebrand the property. This offering is marketed on a per key basis. On the current 66-unit plan, the property is listed at $18,000 per key while on a 96-unit basis the property is listed at $12,500 per key.

Investment Highlights

  • This offering is marketed on a per key basis. On the current 66-unit plan, the property is listed at $18,000 per key while on a 96-unit basis the property is listed at $12,500 per key.
  • The 27-units out of the 66-units are composed of over 650 square feet of which two suites contain kitchenettes.
  • The Albany, Georgia market offers no extended stay products, enhancing the incentive for future ownership to convert or rebrand the property into an extended stay product or a multi-family 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: $1,200,000

Cap Rate
1.00%
Number of Rooms
66
RevPAR
$1
Gross SF
35,000
Price/Room
$18,182
Price/Gross SF
$34.29
Year Built
1960

Investment Highlights

  • This offering is marketed on a per key basis. On the current 66-unit plan, the property is listed at $18,000 per key while on a 96-unit basis the property is listed at $12,500 per key.
  • The 27-units out of the 66-units are composed of over 650 square feet of which two suites contain kitchenettes.
  • The Albany, Georgia market offers no extended stay products, enhancing the incentive for future ownership to convert or rebrand the property into an extended stay product or a multi-family asset.

Investment Overview

Marcus and Millichap is pleased to present the fee simple interest in the 66-room, two-story, independent flagged, Travelers Inn & Suites. Originally, the property was built as a 96-unit hotel, however, previous ownership condensed 54 rooms into 27 suites along with 3 units into an apartment and 2 units into an office space. The 27 suites are composed of over 650 square feet of which two suites contain kitchenettes. Currently, the Albany, Georgia market offers no extended stay products, enhancing the incentive for future ownership to convert or rebrand the property. This offering is marketed on a per key basis. On the current 66-unit plan, the property is listed at $18,000 per key while on a 96-unit basis the property is listed at $12,500 per key.

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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