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Hotel-Motel

The Present Hotel

224 Houston St, Savannah, GA 31401

Listing Price: $10,750,000

Cap Rate
6.34%
Number of Rooms
15
RevPAR
$150
Gross SF
5,237
Price/Room
$716,667
Price/Gross SF
$2,052.70
Year Built
1850

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 15-unit, The Present Hotel, located in Savannah, Georgia. The subject property is conveniently situated in downtown Savannah within walking distance of all major demand generators. The property is newly renovated featuring individually decorated guest rooms to give each guest a unique stay. Common areas amenities at the property include a gated, landscaped outdoor courtyard that features a dining area, porch swings, and string lighting, as well as digital check in/out. The property does not feature on-site parking, but nearby street parking is available for guests. Each guest room is equipped with Free Wi-Fi, flat-screen TV, in-room coffee & tea maker, refrigerator, linens, and desk with chair. Suites offer additional seating areas, dining area, and full kitchen with a sink, full-sized refrigerator, kitchenware, dishwasher, microwave, stove top, and oven. The Present Hotel is ideally located in the heart of downtown Savannah, a coastal Georgia city, which is known for manicured public parks, horse-drawn carriages and antebellum architecture. The historic downtown Savannah 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 Joseph’s/Candler Hospital, and Brasseler USA. The Port of Savannah is the 4th largest port in the U.S. and has announced plans to increase container capacity by 60% through deepening of the water channels which would allow for more than 3 million additional containers annually to process through the port.

Investment Highlights

  • Fee simple interest in the 20-unit, The Present Hotel, located in Savannah, Georgia
  • Ideally located in downtown Savannah | Walking distance to major all major attractions, restaurants, retail and more
  • Savannah College of Art & Design, 1 mile away, a well-regarded, private art school with an enrollment of 15,000+ students
  • The Port of Savannah is the 4th Largest Port Facility in the U.S. | Redevelopments will increase container capacity by 60%
  • Savannah Hilton Head Airport, located 11.5 miles away, is ranked by Conde Nast as the number 1 airport in the U.S.
  • Tanger Outlets Savannah, a Large Outdoor Outlet Mall With Hundreds of Stores, is Located 15.5 miles Away

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Hotel-Motel

The Present Hotel

Listing Price: $10,750,000

Cap Rate
6.34%
Number of Rooms
15
RevPAR
$150
Gross SF
5,237
Price/Room
$716,667
Price/Gross SF
$2,052.70
Year Built
1850

Investment Highlights

  • Fee simple interest in the 20-unit, The Present Hotel, located in Savannah, Georgia
  • Ideally located in downtown Savannah | Walking distance to major all major attractions, restaurants, retail and more
  • Savannah College of Art & Design, 1 mile away, a well-regarded, private art school with an enrollment of 15,000+ students
  • The Port of Savannah is the 4th Largest Port Facility in the U.S. | Redevelopments will increase container capacity by 60%
  • Savannah Hilton Head Airport, located 11.5 miles away, is ranked by Conde Nast as the number 1 airport in the U.S.
  • Tanger Outlets Savannah, a Large Outdoor Outlet Mall With Hundreds of Stores, is Located 15.5 miles Away

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 15-unit, The Present Hotel, located in Savannah, Georgia. The subject property is conveniently situated in downtown Savannah within walking distance of all major demand generators. The property is newly renovated featuring individually decorated guest rooms to give each guest a unique stay. Common areas amenities at the property include a gated, landscaped outdoor courtyard that features a dining area, porch swings, and string lighting, as well as digital check in/out. The property does not feature on-site parking, but nearby street parking is available for guests. Each guest room is equipped with Free Wi-Fi, flat-screen TV, in-room coffee & tea maker, refrigerator, linens, and desk with chair. Suites offer additional seating areas, dining area, and full kitchen with a sink, full-sized refrigerator, kitchenware, dishwasher, microwave, stove top, and oven. The Present Hotel is ideally located in the heart of downtown Savannah, a coastal Georgia city, which is known for manicured public parks, horse-drawn carriages and antebellum architecture. The historic downtown Savannah 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 Joseph’s/Candler Hospital, and Brasseler USA. The Port of Savannah is the 4th largest port in the U.S. and has announced plans to increase container capacity by 60% through deepening of the water channels which would allow for more than 3 million additional containers annually to process through the port.

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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