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Hotel-Motel

Country Inn & Suites Savannah Airport

21 Yvette Johnson Hagins Dr, Savannah, GA 31408

Listing Price: $7,650,000

Cap Rate
7.30%
Number of Rooms
82
RevPAR
$60
Gross SF
45,371
Price/Room
$93,293
RRM
4.27
Price/Gross SF
$168.61
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 82-unit, Country Inn & Suites by Radisson located in Savannah, Georgia. This well-appointed hotel was constructed in 2008 and is situated on approximately 1.54 acres with guest rooms that provide complimentary Wi-Fi and HDTVs, minifridges, microwaves, hair dryers, ironing boards and coffeemakers. Other amenities include a fitness center, indoor swimming pool, breakfast, parking, business center, and a 264-square-foot meeting room. The property is located at the Interstate-95 and GA 104 intersection with great visibility and access to all the major demand generators in the market. The Savannah/Hilton Head International, located approximately 2 miles from the subject property, was recently recognized as the 2nd best regional Airport for leisure travelers in the U.S according to Conde Nast Traveler. Savannah, a coastal Georgia city, is separated from South Carolina by the Savannah River. It's known for manicured parks, horse-drawn carriages and antebellum architecture. Its historic district is filled with cobblestoned squares and parks such as Forsyth Park shaded by oak trees covered with Spanish moss. Guests at the hotel can easily travel to the nearby Tanger Outlets and all local attractions in the Savannah metro market. This hotel is conveniently located near several restaurants, historic attractions, and hot spots including Savannah Civic Center, Savannah College of Art & Design (SCAD) City Market, and Tybee Island which offers access to the beaches and Atlantic ocean. Local corporations include IKEA, Target Distribution Center, Home Depot, Dollar Tree Distribution Center, Gulfstream, SheltAir, Flight Safety, and Pier 1 Distribution Center. Corporate travelers enjoy the proximity to offices of Gulfstream Aerospace, Georgia Ports Authority, Norfolk Southern, Memorial Health University Medical Center, St Josephs/Candler Hospital, and Brasseler USA.

Investment Highlights

  • Leasehold interest in the 82-unit, Country Inn & Suites by Radisson located in Savannah, Georgia
  • Attractive CMBS debt available
  • Strategically located near the airport within walking distance to many retail and restaurant destinations
  • Nearby Hunter Army Field has an annual economic impact of over $5.5 billion
  • The Port of Savannah is the 4th largest port facility in the United States
  • Proximate to all regional demand including the Savannah historical, Savannah College of Art & Design (S.C.A.D), Georgia Southern Armstrong Campus, and two nationally recognized medical centers

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Hotel-Motel

Country Inn & Suites Savannah Airport

Listing Price: $7,650,000

Cap Rate
7.30%
Number of Rooms
82
RevPAR
$60
Gross SF
45,371
Price/Room
$93,293
RRM
4.27
Price/Gross SF
$168.61
Year Built
2008

Investment Highlights

  • Leasehold interest in the 82-unit, Country Inn & Suites by Radisson located in Savannah, Georgia
  • Attractive CMBS debt available
  • Strategically located near the airport within walking distance to many retail and restaurant destinations
  • Nearby Hunter Army Field has an annual economic impact of over $5.5 billion
  • The Port of Savannah is the 4th largest port facility in the United States
  • Proximate to all regional demand including the Savannah historical, Savannah College of Art & Design (S.C.A.D), Georgia Southern Armstrong Campus, and two nationally recognized medical centers

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 82-unit, Country Inn & Suites by Radisson located in Savannah, Georgia. This well-appointed hotel was constructed in 2008 and is situated on approximately 1.54 acres with guest rooms that provide complimentary Wi-Fi and HDTVs, minifridges, microwaves, hair dryers, ironing boards and coffeemakers. Other amenities include a fitness center, indoor swimming pool, breakfast, parking, business center, and a 264-square-foot meeting room. The property is located at the Interstate-95 and GA 104 intersection with great visibility and access to all the major demand generators in the market. The Savannah/Hilton Head International, located approximately 2 miles from the subject property, was recently recognized as the 2nd best regional Airport for leisure travelers in the U.S according to Conde Nast Traveler. Savannah, a coastal Georgia city, is separated from South Carolina by the Savannah River. It's known for manicured parks, horse-drawn carriages and antebellum architecture. Its historic district is filled with cobblestoned squares and parks such as Forsyth Park shaded by oak trees covered with Spanish moss. Guests at the hotel can easily travel to the nearby Tanger Outlets and all local attractions in the Savannah metro market. This hotel is conveniently located near several restaurants, historic attractions, and hot spots including Savannah Civic Center, Savannah College of Art & Design (SCAD) City Market, and Tybee Island which offers access to the beaches and Atlantic ocean. Local corporations include IKEA, Target Distribution Center, Home Depot, Dollar Tree Distribution Center, Gulfstream, SheltAir, Flight Safety, and Pier 1 Distribution Center. Corporate travelers enjoy the proximity to offices of Gulfstream Aerospace, Georgia Ports Authority, Norfolk Southern, Memorial Health University Medical Center, St Josephs/Candler Hospital, and Brasseler USA.

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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