Current Use by Public Records
- Hospitality properties
Property Details for 3026 James Rd
- Year built
- 2002
- Lot size
- 1.53 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This 71-key Sleep Inn & Suites in Valdosta, Georgia, presents a compelling investment opportunity. Built in 2002, this three-story, 37,239 square foot interior corridor hotel sits on a 1.53-acre lot and benefits from its strategic location off Interstate 75, ensuring high visibility and easy access. Recent renovations totaling approximately $350,000 have upgraded guest rooms (new carpet), bathrooms (new tile), the lobby (new tile and seating), and other areas including the breakfast area (new countertops, tables, and chairs), hallways (new carpet), elevator landings, and A/C units. While a change of ownership PIP is estimated at $400,000+, this figure requires verification by Choice Hotels. The property boasts strong financial performance, with a trailing twelve-month (July 2024) room revenue of $1,160,182, NOI of $379,691, and a 7.91% cap rate. Key performance indicators include an ADR of $89.71, RevPAR of $41.54, and an occupancy rate of 46.30%. Its location offers proximity to key attractions including Valdosta State University (3.2 miles), Wild Adventures Theme Park (10.5 miles), Moody Air Force Base (12.1 miles), and downtown Valdosta (5 miles), catering to a diverse range of travelers. Lowndes County, where the hotel is located, shows a population of 121,925 (2024 estimate) and a 1% growth rate. The hotel includes amenities such as an outdoor pool, fitness center, business center, laundry facilities, elevators, sun deck, dining area, and an arcade/game room. This property offers a significant conversion opportunity in a growing market, making it an attractive investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Valdosta
- County
- Lowndes
- State
- Georgia
- Longitude
- -83.3317
- Latitude
- 30.8447
