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2911 Riverwest DrAugusta, GA 30907

72-key hotel, strong ROI, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This fee-simple owned, 72-key Comfort Suites hotel presents a compelling investment opportunity in Augusta, Georgia. Located at 2911 Riverwest Dr, 30907, this three-story, 2007-built hotel boasts a prime location just off Interstate 20, offering convenient access to Augusta National Golf Club, home of the Masters Tournament. The property sits on a 1.44-acre lot and features interior corridors. A comprehensive renovation, completed in 2024, ensures the hotel is in excellent condition, offering a modern and updated guest experience. The property has consistently demonstrated strong operational performance, even during the recent renovation period, with a remarkable 17.85% year-over-year RevPAR growth. Currently operating at 72.2% occupancy, this hotel presents significant upside potential through the implementation of cost-cutting management strategies to maximize returns. Offered below replacement cost, this investment is poised for continued success, benefiting from its proximity to key demand generators including Augusta State University, Augusta University Health, the Augusta Convention Center, the Augusta Riverwalk, and Augusta Mall. The property's strong performance, prime location, and recent renovation make it an attractive acquisition for discerning investors seeking a high-return hospitality asset. The hotel's consistent performance and strategic location near major attractions and institutions ensure a steady stream of guests and revenue.

Highlights

  • Prime I-20 location near Augusta National Golf Club.
  • Strong operational performance despite recent renovations.
  • Excellent condition after 2024 property improvement plan (PIP) completion.
  • 17.85% year-over-year RevPAR growth.
  • Significant management upside potential via cost-cutting measures.
  • Priced below replacement cost.

Property Details for 2911 Riverwest Dr

Property type
Hospitality properties, Hotels
Year Built/Renovated
2007/2024
Buildings
1
Stories
3

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.5249028
Longitude
-82.0347405
2911 Riverwest Dr, Augusta, Georgia

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2911 Riverwest Dr
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