Dogwood Inn & Suites

4071 US Hwy 17, Richmond Hill, GA

$7,000,000

Price

9.31%

Cap Rate

$392,000

NOI

Overview
Cap Rate
9.31%
NOI
$392,000
Building Size
24,716 sqft
Lot Area
2.3 acres
Units
109
Occupancy
80%
Year Built
1984
Zoning
C3 Interchange Commercial
Floors
2
Roof
Tar & Gravel
CeilingHeight
12
Heating
Central Heating & Air
Description

109 room exterior corridor hotel near Savannah being offered for sale. The 2 story Dogwood Inn is located off I-95, 20 miles south of Savannah and 17 miles south of the new Hyundai Project. The property built in 1984 with an outdoor pool, has been gradually updated. In 2023 the exterior of the hotel was painted, new door locks and LED lighting installed, and landscaping updated. By the reception is a kitchen and breakfast/meeting room. All rooms have microwave and refrigerators, some larger suites include a full kitchen. The hotel is running at 80% occupancy and projected to increase. The property is surrounded by multiple restaurants and conveniences. Bryan County is the 6th fastest growing county in the US and with the Bryan County Megasite underway this area is projected to keep growing in the coming years. Tremendous opportunity for new owner.


Off I-95 Exit 87, 20 miles South of Savannah, 100 miles North of Jacksonville, Florida International Airport


On Logistics Corridor
Rapidly growing area
Option to change brand

Location