Hawthorn Suites - Kingsland
1323 E King Av, Kingsland, GA
$7,800,000
Price
13.85%
Cap Rate
49,044 sqft
Building Size
Overview
Description
Hawthorn Suites by Wyndham, being offered for sale. Located just 20 minutes north of Jacksonville International Airport, this 3 story, interior corridor hotel, serves a large corporate clientele. It was built in 2006 and has year after year seen a continued increase in revenue and occupancy. All 66 suites have full size kitchenettes with full size refrigerator, cooktop, dishwasher, microwave, pots, pans and utensils. The restaurant has a kitchen that serves a full breakfast. Very well managed and maintained property that runs at 85%+ occupancy year round. Amenities include: business center, conference room, fitness center, outdoor pool and barbecue areas. Renovated in 2015 and 2016. Franchise initiated in 2007 for a 20 year period. Great opportunity for new owner to continue growth.
Off I-95 Exit 3 Close to Naval Submarine Base Kings Bay 2 miles to downtown Kingsland 25 minutes north of Jacksonville International Airport 15 minutes from St Mary’s Historic District 20 minutes from Cumberland Island
Hawthorn Suites by Wyndham, being offered for sale. Located just 20 minutes north of Jacksonville International Airport, this 3 story, interior corridor hotel, serves a large corporate clientele. It was built in 2006 and has year after year seen a continued increase in revenue and occupancy. All 66 suites have full size kitchenettes with full size refrigerator, cooktop, dishwasher, microwave, pots, pans and utensils. The restaurant has a kitchen that serves a full breakfast. Very well managed and maintained property that runs at 85%+ occupancy year round. Amenities include: business center, conference room, fitness center, outdoor pool and barbecue areas. Renovated in 2015 and 2016. Franchise initiated in 2007 for a 20 year period. Great opportunity for new owner to continue growth.