Excellent Location The Residence Inn Macon is a 78-key hotel conveniently located off I-75 in North Macon, known as the Cherry Blossom Capital of the World. The hotel is within close proximity to numerous demand generators, including the Antebellum Trail, downtown Macon, Shoppes at River Crossing, Mercer University, Wesleyan College, Macon Coliseum, Georgia Sports Hall of Fame, Ocmulgee National Monument, Tubman African American Museum, and the John Drew Smith Tennis Center. Additionally, the hotel is near the Macon Centreplex, Geico, and Robins Air Force Base.
Residence Inn by Marriott prides itself on providing an exceptional experience for longer-stay guests, emphasizing personalized service and creative design elements. Extended stay hotels have achieved occupancy rates 10% - 14% higher than the average hotel over the last 20 years and proved resilient during and after COVID-19 with minimal losses compared to traditional hotels. As premium branded assets, these properties enjoy distinct competitive advantages, supported by their extensive rewards and reservation systems and the widely recognized Marriott name. All Marriott properties benefit from the esteemed Marriott Bonvoy reward program, boasting an impressive membership base of over 160 million individuals across 31 brands and spanning more than 8,000 hotels worldwide.
Offered Below Replacement Cost in High Growth Market
The Residence Inn Macon is being offered at a discount to replacement cost with construction costs at an all-time high. The offering presents the opportunity to buy an existing asset at an attractive basis, with the change of ownership PIP providing ample room for new ownership to further expand on the current in-place cash flows by continuing to push rates.