For Sale
Call for price

3 Gateway BlvdSavannah, GA 31419

129-Room Hotel, Recently Renovated

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully renovated, 129-key hotel in Savannah, GA. The property boasts a prime location at the intersection of I-95 and Abercorn Street, offering unparalleled visibility and accessibility. Built in 1980 and extensively renovated in 2023, the two-story, exterior corridor hotel features 98 queen/queen rooms, 3 queen rooms, and 29 king rooms, spread across a 3.63-acre lot. The $2.7M+ renovation transformed the hotel into the OneWay Hotel Savannah, maximizing its appeal to travelers. Furthermore, the sale includes a NNN-leased Perkins Restaurant generating $6,000 in monthly income. The hotel's strategic location provides easy access to downtown Savannah (15.3 miles), Savannah/Hilton Head International Airport (11.9 miles), Savannah State University (16.7 miles), and Hunter Army Airfield (14.1 miles). With over 93,000 vehicles traversing I-95 daily, the hotel enjoys exceptional exposure. The property's strong pro-forma NOI of $891,194 makes it a compelling investment prospect in a thriving Georgia MSA. This is a rare chance to acquire a high-performing, recently renovated hotel with significant upside potential.

Highlights

  • 3.63-acre, renovated hotel with 98 queen, 3 queen, and 29 king rooms in a two-story exterior corridor building.
  • Includes adjacent leased Perkins Restaurant generating $6,000 monthly income.
  • Over $2.7M invested in 2023-2024 renovations to create the OneWay Hotel Savannah.
  • Prime I-95 and Abercorn St. location near Savannah attractions, with high daily traffic visibility.

Property Details for 3 Gateway Blvd

Property type
Hospitality properties, Hotels
Year Built/Renovated
1980/2023
Stories
2
Lot Size (sq. ft)
158,123 SF

Location Insight

City
Savannah
County
Chatham
State
Georgia
Latitude
32.0023615
Longitude
-81.2828957
3 Gateway Blvd, Savannah, Georgia

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3 Gateway Blvd
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