Luke Thompson - Commercial Real Estate Showcase

Luke Thompson Property Listings
Luke Thompson
1550 Wewatta St
Denver, CO 80202

2540 Center West Parkway - Staybridge Suites

Augusta, GA 30909-2116 - North Richmond County Submarket

Property Type:Hospitality Number of Rooms:92 Status:Existing Year Built:-
Stories:- Building Size:72,745 SF Land Area:1.67 AC (72,745 SF)
For Sale Price:For Sale Price/Room:- Cap Rate:10.00 %


Sale Notes:
F10 Hotels is pleased to announce and
present for your consideration its exclusive
representation of the Seller in the marketing
for sale of the Staybridge Suites Augusta
and the Country Inn & Suites Augusta. The
Properties are located on adjacent parcels
near the intersection of Washington Road and
Interstate 20 in a highly trafficked retail and
upscale dining corridor of Augusta.
The proximity and complementary service
segments of the Hotels provide considerable
operating efficiencies for a common owner.
When coupled with attractive uncrossed fixedrate
CMBS debt, substantial cash-on-cash
returns are easily attainable. The Hotels are in
excellent condition. The Staybridge has just
$350,000 remaining on a $1,250,000 PIP and
the Country Inn has just $140,000 remaining
on a $415,000 PIP. Overall, this is an excellent
opportunity to acquire two cash-flowing, welllocated
and well-maintained properties from a
motivated Seller.

Luke Thompson
Luke Thompson

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