Project Description

The 91-room Homewood Suites by Hilton was constructed in 2008 and is located in Columbus, Georgia. The property offers well-appointed suites that are approximately 360 SF. The property is conveniently located along Hwy 80 which provides accessibility to the surrounding trade area. The hotel is located near various demand drivers including Columbus State University, Columbus Airport, Columbus Civic Center, and the Midtown Medical Center. Hotel Amenities include a fitness center, outdoor swimming pool and fire pit, business center, and 943 SF of meeting space.

LOCATION: Columbus, Georgia

YEAR BUILT: 2008

NUMBER OF ROOMS: 91

AQUISTION DATE: March 2018

PROJECTED IRR: 18%

PROJECTED EQUITY MULTIPLE: 1.93

BUSINESS PLAN: Renovation/Management Realignment