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1321 Hospitality Ave, Kingsland, GA 31548
72-room, 2020- renovated!
OM (Compressed) – Sleep Inn Kingsland • MAP • URL
Kingsland – Statistics Report (2021) – Kingsland – STR (Dec 2021) – Kingsland – P&L (YTD Sept 2021)
Sleep Inn & Suites, located in Kingsland, Georgia – a popular and growing market just outside of Jacksonville Florida – 30 minutes away. The 1.23-acre property is a three-story independent hotel located directly off the intersection of East King Avenue and Interstate 95. The newly renovated property hosts a variety of demand generators including Okefenokee Trail, the historic Kingsland Royal District, Crooked River State Park, and several restaurants and retail centers.
Investment Highlights
- 72 Rooms | 60 standard rooms and 12 suites
- The property also includes an extra room that is used as Manager’s apartment
- Strategically located in Kingsland, Georgia.
- Offered at a 3.5x Revenue Multiple (2021).
- Operationally, the hotel has achieved gross revenue of $1,747,219 in 2021
- The property underwent over $1,200,000 in renovations since 2019 and is expected to produce minimal PIP, if any, to the new buyer
- During its first full year of operations (2021), the property has outperformed every hotel on its Comp Set.