Marcus & Millichap is pleased to offer for sale a fee simple interest in the Fairfield Inn & Suites located in Milledgeville, GA. This well-appointed hotel was constructed in 2009 and is offered well below replacement costs with the option to relicense the property as a Fairfield by Marriott. The property has recently undergone an extensive renovation and is expected to have a very minimal change of ownership PIP. The subject property has a blended 3-year average of approximately $1,550,000.
Amenities include a Hot Breakfast, Electric Outlets for Boats, Guest Laundry, Business Center, Meeting Room, Indoor Pool, Spa, Weight Room and Guest Market. Milledgeville has an eclectic mix of activities for anyone to enjoy. Over 10 blocks of historic architecture are filled with coffee shops, clothing boutiques, great food and family residences. This recently renovated property is located within 5 miles of Georgia College, Georgia Military College and Central Georgia Technical College. The Fairfield Inn & Suites is also located near Lake Sinclair, The Oconee River Greenway and the Walter B. Williams Recreation park.
Milledgeville, Georgia, is known today as a college town, home to Georgia College & State University and Georgia Military College. But it’s also one of the state’s oldest cities, previously used as the state capital in the 1800s. It’s home to more antebellum buildings than anywhere else in the state. Lake Sinclair is a short drive from downtown and Downtown Milledgeville is a great complement to the welcoming atmosphere of Georgia College. Milledgeville is a true college town, offering a great combination of restaurants, bars, shopping, cultural events, outdoor activities and more. Serving as Georgia’s state capitol for 64 years, Milledgeville is located less than a two-hour drive from Atlanta, and an easy drive from all the other great cities in the Peach State – Athens, Macon, Columbus, and Savannah.
Lake Sinclair offers more than 400 miles of shoreline and is major demand generator for visitors wanting to take advantage of activities like fishing, camping and boating. The Oconee River Greenway Park and Riverwalk provides the city of Milledgeville and Baldwin County with a safe and beautiful area to walk, jog, bicycle, relax and enjoy the beauty and sounds of the Oconee River. The Greenway offers multiple individual fishing stations and a boat ramp as well as multi-use trails. a dog park, and stage for events.