Excellent Location

The Homewood Suites by Hilton Macon North is conveniently located off I-75 in north Macon, within close proximity to many local attractions. The hotel is within a short 15-minute drive to a variety of popular destinations, including the historic downtown area, Shoppes at River Crossing, Mercer University, Wesleyan College, Georgia Sports Hall of Fame, Macon Coliseum, John Drew Smith Tennis Center, and the Ocmulgee National Monument. This location is also highly convenient for business travelers, as it is only 20 minutes away from major corporations such as Geico, YKK, Nichiha, Georgia Farm Bureau, and Irving Tissue, which is currently undergoing a $400 million expansion to double the capacity of its Macon facility. Furthermore, Robins Air Force Base, one of the state’s largest industrial complexes and a major employer with over 21,000 workers, is only 25 miles away from the hotel. This proximity has helped Macon establish itself as the state’s aerospace hub, boasting over 100 aerospace-related companies in the area.

Strong Metrics & Cash Flow with Additional Upside

The Homewood Suites by Hilton Macon North has demonstrated exceptional performance, boasting an impressive $116.06 RevPAR with a 144.2% RevPAR penetration index for the Trailing Twelve Month (“TTM”) period ending July 2024. As a result, the Hotel generated total revenues amounting to $4,277,035 and NOI of $1,658,302, boasting a 38.8% margin in TTM July 2024. Significant upside remains upon completion of a change-of-ownership PIP. The improved product offering combined with continued market growth expectations will result in RevPAR and NOI levels well exceeding in-place metrics.

Offered Below Replacement Cost in High Growth Market

The Homewood Suites by Hilton Macon North is being offered at a discount to replacement cost with construction costs at an all-time high. The offering presents an opportunity to buy into an exponentially growing market at an attractive basis.