| Name |
Wingate by Wyndham Macon |
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| Location |
Macon, GA (map) |
| Number of Rooms |
80 |
| Asking Price |
$7,300,000 |
| Price/Room |
$91,250 |
| Ownership |
Fee Simple |
| Investment Highlights |
• Newly renovated, quality built steel and concrete asset
• Well-located in a desirable market
• Continued revenue growth opportunity
• Exclusive meeting / group conference center facility
• Offered unencumbered by management
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| Property Overview |
The Wingate by Wyndham is a beautiful, three-story, interior corridor property located at the intersection of Interstate 75 and Riverside Drive, just north of downtown Macon, the third largest Metropolitan Statistical Area in Georgia. The property offers 80 newly renovated guestrooms and suites and is ideally located with excellent access and visibility along the Interstate. Within close proximity to Interstates 475 and 16, the property is ideally located on Riverside Drive, one of the region’s most heavily traveled thoroughfares and home to many of the region’s retail and shopping facilities, medical offices, service industry facilities, and auto dealerships. The property is located within 5 miles of the downtown Macon, Medical Center of Central Georgia, Columbia Coliseum Medical Center, Columbia Coliseum, Mercer University campus, IKON Office Solutions (credit payment processing), New York Life, Social Security Administration Training Facilities, Bass ProShop Distribution Center, USPS, and the Georgia Farm Bureau and within many of the area’s demand generators and attractions including the Ocmulgee National Monument, Rose Hill Cemetary, Harriet Tubman African American Museum, Sidney Lanier Cottage (famous southern author), Georgia Children’s Museum, Georgia Sports Hall of Fame, Georgia Music Museum, Museum of Aviation, and the City Auditorium, home of the world’s largest copper dome building. Additional companies worth noting include GEICO Insurance Southeast Regional Offices, YKK Manufacturing (zipper and apparel clothier), Boeing Aircraft Manufacturing, and Graphic Packaging.
Currently under construction with anticipated deliver dates in late-2009 / early-2010 is The Shoppes at River Crossing, an 85-acre, 750,000 square feet upscale mall with restaurants, specialty shops, and anchored by Coach, Belk, Dillards, and many mid-level anchors. The Shoppes at River Crossing will be located approximately 1 mile from the Wingate by Wyndham at the intersection of Interstate 75 and Riverside Drive.
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