Motel 6 –Albany #172

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Motel 6 –Albany #172
Motel 6 –Albany #172
ALBANY, GEORGIA
EXCEPTIONAL INVESTMENT OPPORTUNITY
Rockwood Real Estate Advisors, in association with Auction.com, has been
retained on an exclusive basis by the Owner to offer for sale the Fee Simple
interest in the Motel 6 Albany #172, a 101-key limited-service hotel located in
Albany, Georgia (the “Hotel”).
The Motel 6 – Albany, GA is conveniently located in eastern Albany within
minutes of major demand generators including the Marine Corps Logistics
Base, Procter & Gamble, MillerCoors Brewing Company, and Albany State
University. The immediate area provides a variety of support amenities
including Oglethorpe Plaza Shopping Center, Western Sizzlin’ Steakhouse,
McDonald’s, Wendy’s, KFC, Waffle House, and more. Albany is situated in
southwestern Georgia, approximately 85 miles north of Tallahassee, FL, 89
miles southeast of Columbus, GA, and 105 miles southwest of Macon, GA.
Major highways serving the area are US-19, US-82 and GA-300.
This investment represents an opportunity to rebrand the Hotel to capture
additional room rate, occupancy and Net Operating Income.
Key Property Information
Property Being Sold Through Auction.com
Motel 6 - Albany #172
Property ID: B108-111
Auction Date June 17-18
Rockwood
Real Estate Advisors
Address
201 South Thornton Drive
Albany, GA 31705
Location
US-19 at East Oglethorpe Boulevard/US-82,
Exit 2
When Built
Opened in 1974 as a Motel 6
Ownership Interest
Fee Simple
Number of Rooms
101, with a Manager’s apartment on-site
Corridors
Exterior
Land Area
1.8892 acres
Buildings
Three 2-story connected buildings
Construction
Wood frame
Internet Access
Wi-Fi provided by Meraki, Inc., transferrable to buyer
Parking
75 surface spaces
Fitness & Recreation
Outdoor pool
Hotel Amenities and
Features
Guest laundry, vending, and pets are
welcome.
MOTEL 6 – ALBANY #172
Occupancy
ADR
RevPAR
Total Room Revenue
Total Revenue
YE
2008
35.3%
$31.01
$10.96
$405,101
$407,321
YE
2009
32.0%
$30.86
$9.88
$364,284
$367,135
Financial Results
YE
YE
2010
2011
40.3%
37.6%
$28.10
$29.68
$11.34
$11.16
$417,951
$411,413
$421,584
$415,877
YE
2012
38.4%
$30.11
$11.57
$427,552
$433,117
YTD February
2012
2013
41.9%
38.0%
$30.50
$30.21
$12.79
$11.48
$77,496
$68,401
$78,478
$69,248
Place Image
TTM Feb
2013
37.8%
$30.06
$11.35
$418,457
$423,887
Source: G6 Hos pi tal i ty
INVESTMENT HIGHLIGHTS
Significant Upside Potential
ūū
ūū
As of TTM February 2013, the Hotel achieved a RevPAR Index of 67.4%, which indicates plenty of room for improvement, and is a 9.2% increase over the previous year at
61.7%.
The lodging market of Albany and surrounding towns,
achieved an Occupancy increase of 4.6% (48.1% to 50.3%)
YTD February 2013, indicating a strengthening market.
Proximate to Major Demand Generators
ūū
ūū
Most corporate, university, medical and military demand
generators are located less than a 10-minute drive from
the Hotel, including: the Marine Corps Logistics Base,
Procter & Gamble, MillerCoors Brewing Company, Albany State University, Phoebe Putney Memorial Hospital,
Georgia Pacific and Albany Mall.
Easy access from US-19 and US-82, which provide daily
traffic, including weekend leisure travelers.
Opportunity for Aggressive, Creative Management
and Re-Branding
ūū
ūū
The Hotel will be sold unencumbered by the Motel 6 franchise, enabling the buyer to affiliate with their preferred
brand.
The Hotel will be sold unencumbered by management allowing the new owner to install innovative entrepreneurial practices.
Acquisition Well Below Replacement Cost
ūū
ūū
With new construction of an economy Hotel estimated to
be approximately $50,000 per key, this Hotel is available at
a price significantly below this level.
If re-branded, a change-in-ownership PIP should be expected.
CONTACT INFORMATION
All questions should be directed to the individual referenced below.
Andrew Kern
Managing Director, Hospitality Team Leader
[email protected]
301-255-4785 (Office)
Rockwood
Real Estate Advisors
MOTEL 6 – ALBANY #172
AREA MAP
Old Leesburg
19
13
Darton State College
11 Albany State University
3
Thrush Aircraft
12 Coats & Clarke, Inc.
4
Southwest Georgia
Regional Airport
13
5
MARS Snackfood US
14 Procter & Gamble
6
Georgia Pacific Corp.
15
MillerCoors Brewing
Company
7
Phoebe Putney
Memorial Hospital
16
Marine Corps Logistics
Base
Albany Civil Rights
Movement Museum
17 US 19 Dragway
a
lem
i
Ph
a
yr
lm
Pa
Lib
ert
y
6
Cro
m
10th
11th
ch 8
Owe
ns
7
Turner Field
Blaylock
15
d
evelt
Roos
n
on
91
8
Clark
62
10
E .Og
letho
11
Motel 6 Albany
82
lvd
Liberty
S. Westover Blvd.
Mo
ult
Oakridge
62
14
Flemming
Rive
r
300
19
19
t
Flin
4
Martin Luther King Jr
3
W. Oakridge Dr.
wt
on
234
rie
5
Ne
Oakridge
62
Sylvester
rpe B
Slappey
Gord
Madison
Albany
Broad
Oglethorpe
12
9
Pine
Bryo
Mock
Gillion
ville
300
S Jefferson St.
nR
2
Bea
19
3rd
Da
ws
o
82
133
Chehaw Wild Animal
Farm
Maple
Westover
N. Slappey Blvd.
artie
Flint RiverQuarium
le
Stuart
520
9
Co
rd
e
Old Dawson
234
2
Chehaw
State Park
17
Rockwood
Real Estate Advisors
lly
82
82
10 Albany Civic Center
Ho
1
Albany Mall
Liberty
n
Nottingham
Da
ws
o
Motel 6 Albany
1
133
Walnut
Ledo
*
91
133
16
Rd.
Rockwood
No warranty or representation, express or implied, is made as to the accuracy of the
information contained herein, and same is submitted subject to omissions, change of
price, rental or other condition, without notice, and to any listing conditions, imposed by
the Owner.
Real Estate Advisors
5 5 5 F I F T H AV E N U E , F O U R T H F L O O R
ANDREW KERN
CHRIS TURNER
N E W YO R K , NY 10017
Managing Director,
Hospitality Team Leader
301-255-4785 (Office)
[email protected]
Managing Director
GA License ID: 150492
(212) 286-5800
www.rockwoodrea.com
DO NOT CONTACT THE MANAGEMENT STAFF OF THE PROPERTY. ROCKWOOD REAL ESTATE ADVISORS IS THE OWNER’S EXCLUSIVE ADVISOR FOR THIS CONFIDENTIAL ASSIGNMENT.
LICENSING DISCLOSURE
Auction.com, LLC, 1 Mauchly, Irvine, CA 92618 (800) 499-6199. AL RE Brkr 000094404-0; Auction Firm C17; Auctioneer Mark Buleziuk 5097, Michael Carr 5117; AK Auction.
com RE Brkr 2207; AR RE Brkr PB00069447; Auctioneer Michael Eugene Carr 2241; AZ REDC RE Brkr CO586378000; CA Auction.com RE Brkr 01093886; Auction Company SB
0475258, Mark Buleziuk SB 0418863, Michael E. Carr SB 0447257; CO RE Brkr EL100028410; CT RE Brkr Mary C. Quella REB.0788534; DC RE Brkr LL98370409; DE RE Brkr RB0003407; Auction Firm 2010102063; Auctioneer Michael E. Carr 2010602450; FL Auction.com RE Brkr No. CQ1031187; Auctioneer Mark Buleziuk AU3448, Michael E. Carr AU2913;
GA RE Brkr H-61904; Auctioneer Michael E. Carr AU002162, Mark Buleziuk AU003653; HI Auction.com, Inc. RE Brkr RB-20620; IA Auction.com, Inc. RE Brkr F05393000; ID RE Brkr
LC38200; IN RE Brkr RC51100011; Auction Firm AC 31100002; Auctioneer Michael E. Carr AU10800046, Mark P. Buleziuk AU10900036; IL Auction.com RE Brkr 478.012986; City of
Chicago Auctioneer Mark Buleziuk 1717389, Michael E. Carr 1845772; KS RE Brkr CO00001663; KY RE Brkr 70386; Auctioneer Michael E. Carr RP3128, Mark Buleziuk RP3242; LA RE
Brkr BROK.0995681059-CORP; Auction Firm AB-328; Auctioneer Michael Carr 1734, Mark Buleziuk 1733; ME Auction.com RE Brkr AC90602657; Auctioneer Mark Buleziuk AUC1527;
MD RE Brkr 632690; MA Real Estate Disposition Corporation RE Brkr 7990; Auction Firm Real Estate Disposition Corporation 03058; Auctioneer Michael E. Carr 2888, Mark Buleziuk
2788; MI Auction.com RE Brkr 6505355610; MN Auction.com RE Brkr 40040398; MS RE Brkr 19897; Auction Firm 1203F; Auctioneer Michael E. Carr 1202, Mark Buleziuk 1241; MO
Auction.com RE Brkr 2008027754; NE Auction.com RE Brkr 20090564; NV Auction.com RE Brkr B.1000803.CORP; NH RE Brkr Dwight Keeler 053700; Auctioneer Mark Buleziuk 5058
NJ Auction.com RE Brkr 1110662; NM RE Brkr 18057; NY Auction.com RE Brkr 10991207955; Auctioneer Michael E. Carr 1310812, Mark Buleziuk 1182103; NC Auction.com RE Brkr
C20400; Auction Firm Auction.com 8781; Auctioneer Mark Buleziuk 8336, Michael E. Carr 8509; ND RE Brkr 2918; Auctioneer Michael E. Carr 918; OH RE Brkr REC.2012003219;
Auction Firm Auction.com, ltd 2009000113; Auctioneer Rick A. Kigar 57198129859; OK RE Brkr 157084; OR RE Brkr 201102068; PA REDC RE Brkr RB067584; Auction Firm REDC
AY002136; Auctioneer Mark Buleziuk AU005557, Michael E. Carr AU005518; RI Auction.com RE Brkr B16782; Auctioneer Mark Buleziuk 5163; SC RE Brkr 15690; Auction Firm 3933;
Auctioneer Mark Buleziuk 3992, Michael E. Carr 2652; TN RE Brkr Michael E. Carr 317462; Auction Firm Auction.com, Inc. 5430; Auctioneer Michael E. Carr 4573; TX Auction.com
RE Brkr 0580708; Auctioneer Mark Buleziuk 16063, Michael E. Carr 16354; UT RE Brkr 7923219-CN00; VT RE Brkr 083.0078393-MAIN; Auctioneer Mark P. Buleziuk 057.0068633;
VA Auction.com RE Brkr 0226 020092; Auction Firm Auction.com 2908000750; Auctioneer Mark Buleziuk 2907003422, Michael E. Carr 2907003599; WA Auction.com RE Brkr 9943;
Auction Firm 2370; Auctioneer Michael E. Carr 2801, Mark P. Buleziuk 2731; WI RE Brkr 936870-91; Registered Auction Firm 384-53; Auctioneer Mark P. Buleziuk 2585-52; WV Auction.
com RE Brkr 004930-00; Auctioneer Michael E. Carr 1976; WY Auction.com RE Brkr 189700

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