• Fairfield Inn & Suites by Marriott in Kingsland, GA    

CBRE Hotels;

The 82 room Fairfield Inn & Suites by Marriott Kingsland is located just off I-95 and less than five miles from the Georgia/Florida state line, making the hotel ideal for visitors to either state. The property is only 20 minutes from Jacksonville International Airport, and 30 minutes north of Jacksonville, FL and Amelia Island, FL.

The property is less than seven miles from Kings Bay Naval Submarine Base, one of the U.S. Navy's most important nuclear submarine bases, employing approximately 9,000 active duty civilians and contract personnel. Its annual economic impact to the local economy is over $1.2 billion.

The property also drives business from Southeast Georgia Health System - Camden Campus. In 2009, the SE Georgia Heath System completed an expansion and major renovation of the Camden Campus. The hospital includes a 24-hour Emergency Care Center, an ICU, Cancer Care Center, Maternity Care Center, a Senior Care Center, and Outpatient Rehabilitation Center.

The hotel has stable operating cash flow and is offered unencumbered of management. There is significant upside opportunity from completing the Marriott PIP which will allow it to lead the competitive set and exceed historical performance.

Investment Highlights

  • op-tier branding with Marriott, which offers the Worlds Largest Distribution and Membership system
  • Significant value-add from completion of PIP as it's currently driving an 86% RevPAR index to its set which it will be able to surpass given the brand superiority.
  • Exceptional market just 20 miles north of Jacksonville with strong demand drivers such as the Kings Bay Naval Submarine Base - one of the most important in the U.S.
  • Attractive cash-flowing asset for an owner-operator wtih $2.3M in revenue for 2022.
  • Hotel drove nearly $900k of NOI in 2019, which it is anticipated to surpass upon renovation.
  • Limited new supply to the market will allow the property to continue to grow RevPAR

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