Clarion Suites


Price:
$3,600,000

[Currently Under Agreement]

Address :
3038 Washington Rd
Augusta, GA 30907


  •  Interstate location.
  •  Great location with easy access to Augusta National and the Masters Golf Tournament.
  •  Strong national franchise in place.
  •  Property well-built with concrete block and maintained in excellent condition.
  •  Priced to sell at less than 2.7 multiple of gross room sales and $20,455/unit.
    View Map    View Aerial
  •  Augusta is located in eastern Georgia between Columbia, SC and Atlanta, GA on Interstate 20
  •  Easy access to I-20 on the Washington Road Interchange, the primary interchange for Augusta, the Augusta National Golf Course, and traveler services
  •  Close to Regional Demand Generators, Including...
    •  1 mile to the Riverwatch Parkway with new retail stores scheduled to open
    •  1.5 miles from Augusta National Golf Course, home of “The Masters” golf tournament. This event historically generates several fully occupied nights at $325 - $500 per night.
    •  4 miles to downtown Augusta
    •  5 miles to Augusta State University and Augusta Mall
    •  Easy access to Fort Gordon Army Base and the Department of Energy’s Savannah River Site
    •  Additional nearby attractions include the Georgia Golf Hall of Fame, Augusta-Richmond Civic Center, James Brown Arena, and the Augusta Opera
  •  176 Rooms
  •  Restaurant and Breakfast Area (Seats 75)
  •  Outdoor Pool
  •  Fitness Center
  •  Conference Space (2,986 sq ft)
  •  Business Center
  •  4-Story
  •  Exterior Corridor
  •  Concrete Structure
  •  EIFS Façade
  •  Flat Roof
  •  Built 1988
Financials
2014
2015
2016
T-12Mos 7/7
Occupancy
45.10%
34.98%
32.26%
30.47%
Average Daily Rate
$59.11
$61.63
$61.60
$67.22
Room Revenue
$1,855,713
$1,535,213
$1,441,108
$1,315,581
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!