4906 Timber Dr Lake Park, GA 31636-4948

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.