786-646-2583
2205 Memorial Dr, Waycross, GA for Sale
Hospitality - FOR SALE
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2205 Memorial Dr
Waycross, GA 31501


HIGHLIGHTS

  • Newest premium limited-service hotel in over 14 years
  • Less than 10 min. from the Okefenokee National Wildlife Refuge - a UNESCO World Heritage site nominee attracting over 300,000 visitors every year
  • Major Transportation and Economic Hub in SE Georgia with one CSX Transportation's largest rail operations - Six cargo rail lines intersect in Waycross
  • Thriving Agricultural and Forestry Industry in the Region
  • Only Marriott Hotel Product in the Market

OVERVIEW

The Fairfield Inn & Suites Waycross, a newly built 89-room hotel that opened in July 2024, is the only Marriott-branded hotel in the area and is poised to become the market leader—reaching #1 in RevPAR in January 2025 and surpassing $100 RevPAR in the trailing four months. The hotel benefits from its proximity to major employers such as CSX, Georgia-Pacific, and Rayonier. Waycross is home to CSX Transportation’s largest rail yard in the Southeast and the second-largest in the CSX system, as well as its largest locomotive maintenance and inspection facility. Additionally, six CSX rail lines connect Waycross directly to key markets across the Southeast, driving economic activity in the region. Tourism demand is also on the rise, with Okefenokee National Park—a UNESCO Heritage Site nominee— currently drawing over 250,000 visitors annually, a number expected to grow to 800,000. Further, Finnish housing manufacturer Admares recently announced a $750 million, 2.5-million-square-foot mega factory in Waycross. Receiving its name from its strategic location, ‘where ways cross’, Waycross continues to reinforce itself as the region’s economic hub.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

89

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Waycross

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

002

APN/PARCEL ID

WA2404-011

ASK ABOUT THIS PROPERTY

Harry ManceraBerkadiaMore Info
786-646-2583

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Harry ManceraBerkadiaMore Info
786-646-2583

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.