Marcus & Millichap is pleased to offer the fee simple interest in the Days Inn and Super 8 hotels near Valdosta Mall. The dual branded property consists of guest room floors and has been very well-maintained directly with an excellent location off Interstate-75. The Days Inn offers 63 units and the Super 8 consists of 72 units. These hotel assets are currently being operated by a large management company and offers a significant opportunity for a new investor to add value through improving the bottom-line inefficiencies.
The properties are being offered unencumbered of debt and management with the ability to grow top line revenue with increased sales and marketing efforts as well as operations. Subject property is strategically located directly off exit 18 on Interstate 75 with daily traffic counts that exceed 55,000 vehicles per day and a close proximity to all major demand generators including the Valdosta Mall as well as other restaurants and retail businesses.
Both the Days Inn & the Super 8 have strong historical revenues of over $1,000,000 during the past 3 years. The 2018 year-end revenues exceeded $1,319,156. Currently, per the August 2019 STR, the Days Inn achieves a $26.22 RevPAR and is penetrating its competitive set at 97%, the Super 8 achieves a $22.43 RevPAR, with a market penetration of 83%. Both properties are being offered with a new 15-year franchise agreement from Wyndham if a new investor chooses to complete a modest change of ownership PIP.
Valdosta is a transportation gateway, agricultural and manufacturing center and a favorite stop on the major I-75 artery south into Florida. Its location has made it attractive as a manufacturing center and shipping point. Basic industries include wood products and turpentine manufacturing, food processing and some tobacco, and there is considerable activity in the areas five industrial parks. Valdosta has history and historical homes and buildings and a handful of performing arts and cultural amenities. Wild Adventures Theme Park is close at hand for adventure seekers. Catch a movie at Valdosta Stadium Cinemas 16, just minutes away. Guests at these hotels may also take their kids to Fun Family Entertainment Center at the mall, daily open sessions at Jump’n Jacks 4 Kids, or to play in Freedom Park.
Both hotels offer free parking for vehicles of any size, free continental breakfast, a free copy of USA Today, outdoor pool, and free Wi-Fi. All rooms in these hotels are equipped with flat-screen TVs, microwaves, and refrigerators. The Valdosta Mall and many shopping venues lie within easy reach of both the Super 8 and Days Inn.