Property Highlights

• Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the Ramada Inn Downtown Augusta , GA. The Ramada is a full service 12 -story interior corridor hotel located in the heart of downtown Augusta, GA. The hotel is located within a short distance to the famous Augusta National Golf Club, home of the Masters Golf tournament. Its central location is convenient to restaurants, shopping, tourist attractions, hospitals Shopping Malls. The hotel consists of 200 rooms with breathtaking views of the Savannah River or the city. There's also a restaurant and bar, an outdoor pool. The hotel offers a lounge on the penthouse level with the best views of the city. The Opportunity The hotel is an ideal opportunity for a conversion to a full service premium branded hotel or an extended stay boutique hotel. The hotel is offered at below replacement cost and and potential buyer can terminate existing agreement without penalties.
• Demand Generators: The property is ideally lin Downtown Augusta near major attractions and businesses: Augusta National Golf Club Augusta Business District Augusta Museum of History Augusta Regional Airport

Property Overview

• The asset was built in 1974 and renovated in 2005. It features 200 rooms and suites. Guest rooms are furnished with comfortable amenities and modern décor. Guest rooms include premier linens, Flat screen TVs, iron and ironing board, work desk, chair, and complimentary Wi-Fi. Suites feature 37-inch flatscreen televisions. It is ideally suited for business and leisure travelers.
• Amenities: On site amenities include an indoor pool, fitness center, business center, spacious lobby, vending area, Guest laundry, Banquet Facilities.
• Meeting Space With 5000 square feet of event space, the hotel features 5 meeting rooms, which can be arranged to accommodate 400 conference guests or 275 banquet guests.
• Dining Facilities The hotel offers onsite dining at BJ's Restaurant as well as a Rooftop lounge featuring panoramic views of the city .

The franchise & Conversion opportunity

• The hotel is currently under a franchise agreement with Ramada, however, current ownership can terminate the agreement with a 180 days notice. The location and size of the property appeals to hoteliers who have the vision to create a landmark hotel in Augusta and serve the entire market with state of the art facilities and modern decor. the property can also be converted to a long term stay or an extended stay facility.
• Below Replacement Costs: The ramada is being offered at a discount to replacement cost with construction costs at an all-time high. with an estimate of 25,000 a room. the hotel could be converted to a 4 star hotel under major brands.
• Management and Debt: The Ramada Hotel is being offered unencumbered of current management and debt. Current ownership may consider owner financing.