Country Inn & Suites, Valdosta, GA
VALDOSTA, GA—Williams Investment Company, a South Georgia hotel owner/operator, acquired the 71-guestroom Country Inn & Suites in Valdosta, GA.
HREC Investment Advisors exclusively represented the seller in this transaction, which was sold through RealINSIGHT Marketplace, an online sales platform for commercial real estate. The sale was negotiated by Monty Levy, managing director in HREC's Atlanta office, and Ketan Patel, managing director in HREC's Washington, DC, office.
“This was our first disposition engagement for RealINSIGHT Marketplace and we were delighted with how well their auction platform performed,” says Patel.
The Country Inn & Suites Valdosta is located directly off I-75, a major north – south highway connecting Valdosta to cities such as Miami, Tampa, Atlanta, Cincinnati, and Detroit. Valdosta is located in south-central Georgia, 80 miles northeast of Tallahassee, 120 miles northwest of Jacksonville, and 230 miles southeast of Atlanta.
Valdosta, with a population of roughly 56,000, is the principal city of the Valdosta Metropolitan Statistical Area, which has a population of roughly 140,000. Valdosta is the commercial and medical hub in southcentral Georgia, with industries including tourism, healthcare, retail and distribution, and defense.
The hotel is near Valdosta Mall, Valdosta State University, South Georgia Medical Center, Wild Adventures Theme Park, and Moody Air Force Base.
“We were able to create a very competitive bid process and, in the end, secure a very high-quality buyer for this asset,” says Levy.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
