PeachState 4-Pack_Warner Robins and Cordele

Various locations

Description

JLL's Hotels & Hospitality Group is pleased to offer for sale the fee simple interest in the Middle Georgia Select Service Hotel Collection, featuring four select-service hotels (two Marriott, two IHG) with 297 total rooms in Warner Robins and Cordele, Georgia, available individually, sub-portfolio, or as a portfolio. These 14-17 year old properties, offered unencumbered of management, present an opportunity to acquire assets at a significant discount to replacement cost, with strong existing cash flow and additional upside potential through brand-required renovations and improved revenue management strategies.

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Attributes

Number of units

297

Building area gross

140,412 sf

Land area gross

3.81 acres

PeachState 4-Pack_Warner Robins and Cordele (4 Properties)

Media

Investment Highlights

Excellent Interstate Location: All of the Properties are situated along Interstate 75, a major transportation artery that runs from Detroit to Miami with a number of major metropolitan cities along this route. Interstate 75 plays a significant role in tourism throughout the southeastern United States, providing access to numerous Florida tourist areas including Tampa Bay, Sarasota, Fort Myers, Naples and the Everglades. The Hotels are located approximately 2.0 to 2.5 hours south of Atlanta.
Warner Robins: The Hotels located in Warner Robins are situated among a number of dining options and just eight miles west of Robins Air Force Base. The Air Force Base (AFB), one of the largest employers in Georgia, is a major economic driver for central Georgia, employing approximately 22,000 military and civilian personnel. The AFB provides a stable economic base for the region, which helps to buffer against economic downturns.
Cordele: The Hotels in Cordele, also situated among a number of dining options, are located less than one hour south of Warner Robins. Cordele is served by three major railroads: CSX, Norfolk Southern and the Heart of Georgia Railroad.
Management Availability with Significant Upside Opportunity: The Hotels are offered unencumbered of management, giving new ownership significant operational and strategic flexibility to optimize each Property’s performance and value. New owners can implement a fresh management approach to achieve substantial topline growth through the required PIP renovations that will thoroughly refresh the Properties. The Holiday Inn Express Cordele and Fairfield Inn Warner Robins have recently completed their major renovations, allowing a new owner to focus renovation efforts exclusively on the remaining two Hotels. Furthermore, strategic initiatives focused on expense management could substantially enhance cash flow throughout the Collection. While the Hotels currently operate at an NOI margin in the mid-20 percent range, industry standards indicate potential performance in the mid-30 percent range.
Premium Select Service Brands: The Collection is comprised of some of the most recognizable brand affiliations with the industry’s largest and most desirable franchise companies. Each Hotel benefits from strong brand recognition within its respective rate class, and each brand boasts a robust guest loyalty program. The guestroom breakdown is approximately 50% Marriott and 50% IHG branded hotels.
Flexible Portfolio Offering: The Hotels are offered as a complete portfolio, strategic sub-portfolio, or individual one-off transactions, providing multiple acquisition pathways for investors. A portfolio acquisition allows investors to leverage substantial operational synergies due to the properties’ geographic proximity and similar operational structures, significantly enhancing overall profitability. Alternatively, investors can benefit from targeted sub-portfolio opportunities specifically with the Cordele or Warner Robins Properties, creating localized market concentration that maximizes management efficiency and marketing synergies while reducing operational costs.