Profitable hotel for sale in Milledgeville, GA
62 room Select Market hotel with $350K-$450K annual revenue
Currently under contract. Deal price negotiable $1.4M.
Hotel currently runs 30-40% occupancy rate at $49/night.
After cosmetic renovations expected to run 60-70% occupancy rate at $65/night.
Property can easily be converted to Marriott or major branded hotel for increased visibility. The current competitive set of hotels operate at $80/night.
Deal can include consulting services from hotel Revenue Management expert with 10+ years experience in Marriott pricing strategy, room optimizing, hotel marketing, and customer retention.