2911 Riverwest DrAugusta, GA 30907

Property Details for 2911 Riverwest Dr

Year built

2007

Lot size

1.44 AC

Property size (Sq ft)

42,678 SF

Zone code

HI

Property type

Land

Property subtype

Commercial land

APN

007-2-003-01-0

APU

72003010

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,346,663

  Hospitality

  $6,729,504

  Educational

  $5,598,868

  Medical

  $5,791,422

  Retail

  $8,709,350

Location Insight

City

Augusta

County

Richmond

State

Georgia

Latitude

33.5248

Longitude

-82.0348

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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