4906 Timber DrLake Park, GA 31636

Property Details for 4906 Timber Dr

Year built

1999

Construction

WOOD

Lot size

1.42 AC

Property size (Sq ft)

40,770 SF

Zone code

C-H

Property type

Hospitality properties

Property subtype

Hotels

APN

0198-002A

APU

0198002A

Description

This 72-key Hampton Inn by Hilton, located in Lake Park, Georgia, presents a compelling investment opportunity. The three-story, 40,770 square foot hotel underwent a comprehensive, approximately $2.4 million interior and exterior renovation in 2021. Situated on a 1.42-acre lot at 4906 Timber Dr (APN 0198-002A), this property benefits from its convenient location directly off Interstate-75, boasting excellent visibility to the approximately 45,000 vehicles that travel this section of the interstate daily. Built in 1999, the hotel features an interior-corridor design. The current owner signed a 10-year license with Hilton in 2019, and a new buyer is expected to receive a new 10-year license upon acquisition. Minimal property improvement plan (PIP) costs are anticipated for the new owner. The property's strong performance is evidenced by a 10.7% year-over-year RevPAR increase in January 2024, while the competitive set experienced a 2.6% decline. This presents a unique chance to leverage strong hands-on management and enhanced marketing to further increase RevPAR and surpass competitor performance. The asking price is $7,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $9,289,921

  6.5%

  $8,575,311

  7%

  $7,962,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,811,098

  Geo Method

  $6,811,098

• Alternative Use

  Use

  Valuation

  Residential

  $9,361,749

  Hospitality

  $8,575,311

  Educational

  $7,134,558

  Medical

  $7,379,927

  Retail

  $11,098,202

Location Insight

City

Lake Park

County

Lowndes

State

Georgia

Latitude

30.6804

Longitude

-83.2255

CBSA code

46660

CBSA name

VALDOSTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].