25 ASHTON DR Brunswick GA 31523

OFFERING OVERVIEW:

The Comfort Suites Brunswick, located at 25 Ashton Drive, Brunswick, Georgia, is a three-story 72-room interior corridor hotel located directly off of Interstate-95. The subject property was built in 2008 and is situated on approximately 2.47+/- acres of land within a close proximity to several major demand generators. Hotel guest types include leisure and business travelers, FLETC trainees, healthcare professionals, travelers on I-95, construction workers, snow birds, and sports teams. This offering presents a unique opportunity to acquire a recently renovated cash-flowing hotel asset with significant upside for a new owner.

PROPERTY CONDITION:

The Comfort Suites Brunswick remains in excellent condition due to the $800,000 recent renovations completed and an ongoing capital improvement plan. It is estimated that the change of ownership PIP would be approximately $50,000+/-; however, that is only an estimate and would need to be verified by Choice Hotels via an issued change of ownership PIP.

DEMAND GENERATORS & TOURISM:

The subject property located in Brunswick, GA is conveniently located adjacent to Interstate-95 roughly halfway between Savannah, GA and Jacksonville, FL. Situated along the southeastern coast of Georgia, Glynn County is comprised of the city of Brunswick, and a series of barrier islands known as the “Golden Isles,” Jekyll Island, Sea Island, St. Simmons Island, and Little St. Simons Island. Between historic downtown Brunswick, the quiet white sand beaches of Jekyll Island, vibrant boutiques and restaurants of St. Simons Island, virtually untouched natural beauty of Little St. Simons Island, and the luxurious and private Sea Island, there is something for all kinds of vacationers. Tourism to the Golden Isles is up 110% in the past decade and continues to bring over 4 million annual visitors. Aside from tourism, other major demand generators include the Brunswick Port and Federal Law Enforcement Training Centers (FLETC).

UPSIDE POTENTIAL:

The Comfort Suites Brunswick is situated directly off I-95 with significant upside remaining for a new owner. The subject property has historically underperformed the comp set in both ADR and Occupancy providing opportunity to improve operational performance, and ultimately increase the bottom line.

Property Highlights:

• 72-Room Comfort Suites, by Choice Hotels

• 2008 Construction

• Multiple Diverse Demand Generators

• Situated on 2.47+/- Acres of Land

• $800,000+/- in Recent Renovations

• Ideal Room Count for an Owner Operator

• On-Site Amenities Include an Business Center, Fitness Center, Indoor Pool/Hot Tub, Free “Grab n Go Breakfast”, Premium WiFi, Guest Laundry, FEMA Approved

Location Highlights:

• 3.7 Miles to Port of Brunswick

• 5.3 Miles from Jekyll Island (Entrance)

• 10.7 Miles from College of Coastal Georgia

• 15.2 Miles from St. Simons Island

• 11.8 Miles from FLETC Campus

• Located in the Brunswick Metropolitan Statistical Area

Financial Highlights:

• List Price of $6,800,000

• 2019 Room Revenue of $1,971,788

• Offered at a 3.45x Room Revenue Multiplier (YE 2019)

• Year 1 Room Revenue Projection of $1,974,351

• Year 1 Projected NOI of $692,488

• Year 1 Projected Occupancy / ADR / RevPAR of 79.50% / $94.50 / $75.13