Microtel Inn Columbus

  • Pricing Guidance
    $3,800,000
  • Room Count
    78
  • Property Type
    Select Service
  • Total Revenue
    $1,023,349
  • NOI
    $459,403
  • Price Per Key
    $296,328

Marcus & Millichap is pleased to offer the opportunity to acquire Microtel Inn & Suites located at 3930 St. Mary’s Road, Columbus, GA, 31907. The well appointed 78 guest rooms and suites include premium linens, work desk, ergonomic chair, sofa-bed, complimentary wireless Internet access, and flat-screen televisions. Guest rooms in the Microtel Inn & Suites are furnished with comfortable amenities and modern decor. Additionally, rooms are equipped with a mini-refrigerator, microwave, and coffee/tea maker, so guests can prepare food and beverages from the comfort of their own rooms. Amenities include a business center, fitness center, and outdoor pool. The Microtel Inn & Suites features a complimentary breakfast for all guests, which includes both hot and cold options. There are also many local restaurants that offer a wide variety of cuisines are within close proximity of the hotel, and deliver to hotel guests.

The subject property based on its strategic location and superior accommodations is a top market performer among its class but still has room to improve through operations and marketing. The Microtel underwent a significant renovation throughout 2017/18, adding tremendous value to a new owner/operator.  As of the March 2019 STR report the property is operating with an occupancy of 52.1%, an ADR of , and a RevPAR of $66.38, which is penetrating the market at an index of 108.4% currently. The property has continued to see an upward trend in performance over the past 3 years, and is on pace to exceed $1.1MM in room revenue in 2019.The new Columbus-Ft. Benning Microtel Inn and Suites is conveniently located near Ft. Benning, the National Infantry Museum and Soldier Center at Patriot Park and the National Civil War Naval Museum located at Port Columbus. The hotel is also near the South Commons Sports Complex and Uptown Columbus which features a variety of restaurants and entertainment. The Microtel Inn and Suites will offer single, double and spacious suite accommodations.

Access Financial Documents & Reports

Click Here

Contact Agent

agent

Joce Messinger

Vice President

151 Meeting Street
Suite 450
Charleston, SC 29401

8439522255

joce.messinger@marcusmillichap.com

contact agent

Contact Agent

agent

Jack Davis

Associate - National Hotel Group

151 Meeting Street
Suite 450
Charleston, SC 29401

8439522256

jack.davis@marcusmillichap.com

contact agent