Share This Listing

Message

918 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Counterbid
{{Auction.FormattedText.CounterbidText}}
{{Auction.FormattedAuctionTitleText}}
{{Auction.FormattedAuctionTitleText2}}
44 DAYS d
:
I
01 HRS h
:
I
02 MIN m
:
I
42 SEC s
Auction Starts
46 DAYS d
:
I
01 HRS h
:
I
02 MIN m
:
I
42 SEC s
Auction Ends
Finalizing
{{Auction.FormattedStartingBid}}
Starting Bid
{{Auction.FormattedCurrentBid}}
{{Auction.FormattedCurrentBidText}}
{{Auction.FormattedCurrentPurchasePrice}}
{{Auction.FormattedText.CurrentPurchasePriceText}}
{{Auction.FormattedBidIncrement}}
Bid Increment
{{Auction.BidIncrementLoweredText}}
{{Auction.BidderRegistrationStatus}}
{{Auction.FormattedText.BidderRegistrationStatusLabel}}
{{Auction.FormattedReserveText}}
{{Auction.FormattedReserveLabelText}}
Your registration has been denied. Please contact Help Center at 888-770-7332 for more information.
You will receive an email confirmation upon approval

{{Auction.Status}}

{{Auction.FormattedText.BidderBidRejectedWarningText}}
{{Auction.FormattedText.BidderBidLimitExceededWarningText}}
{{Auction.FormattedText.BidderBidLimitWarningText}}
{{Auction.FormattedText.NextBidLowerPurchasePriceText}}
Your Bid Limit: {{Auction.Registration.BidLimitAmtFormatted}} {{Auction.FormattedText.NoBidLimitText}}
Min Bid is {{Auction.FormattedNextBid}}
{{Auction.FormattedStartingBid}}
Starting Bid
{{Auction.FormattedBidIncrement}}
Bid Increment
{{Auction.BidIncrementLoweredText}}
{{Auction.FormattedReserveText}}
{{Auction.FormattedReserveLabelText}}
You have won the auction! Please check your email for next steps from the Contracts & Closing Team. The sale of this asset is subject to seller approval. Please check your email for next steps from the Contracts & Closing Team.
{{Auction.FormattedText.RealTimeText }}
{{Auction.FormattedText.RealTimeTextDisconnected }}
{{Auction.FormattedText.RealTimeText }}
{{Auction.FormattedText.RealTimeTextConnected }}
{{Auction.FormattedText.CurrentHighestBidderText}}
The bid amount you entered is less than the next minimum bid amount, please try again
Confirm your bid amount of
{{Auction.BidAmount}}

Investment Highlights

  • TownePlace Suites by Marriott – Savannah, located at 11309 Abercorn Street, a 93-unit hotel spanning 54,240 square feet on 2.38 acres.
  • Within 5 miles of year-round demand drivers, such as Hunter Army Airfield, Oglethorpe Mall, and Memorial Health University Medical Center.
  • Offered unencumbered of brand for immediate flexibility in rebranding or adaptive reuse, like apartment conversion (permitted under current zoning).
  • High-quality asset with major updates, including a full 2018 renovation, contributing to over $3.3 million in capital expenditures since then.

Executive Summary

Hunter Advisors has been exclusively engaged to solicit offers for the acquisition of the TownePlace Suites by Marriott – Savannah (the “Hotel” or “Property”), a 93-key, institutional-quality extended-stay asset strategically located along Abercorn Street within Savannah’s Southside submarket. The Hotel is being offered unencumbered of brand, providing a new owner with immediate flexibility to implement a rebranding strategy or pursue alternative use optionality, such as multifamily conversion. The Property is being offered below replacement cost, presenting investors with the opportunity to acquire a well-located asset at an attractive basis within a high-growth corridor.

Located at 11309 Abercorn Street, the Property benefits from a highly visible position along one of the city’s most heavily trafficked commercial corridors, supported by a diverse base of demand generators including Georgia Southern University’s Armstrong Campus, Hunter Army Airfield, and a strong healthcare network anchored by Memorial Health University Medical Center and Candler Hospital. Additionally, the Hotel is located approximately 15 minutes from Historic Downtown Savannah, providing access to one of the Southeast’s premier leisure destinations, which welcomes approximately 12.9 million visitors and generates more than $4 billion in visitor spending each year.

The Savannah MSA has experienced approximately 6.5% population growth since 2020, with continued growth projected through 2030, supported by ongoing institutional investment, including the development of a new Dental College of Georgia facility near the Armstrong Campus, a $178 million state-funded project expected to be delivered by mid-2028.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Matterport 3D Tours

Virtual Tour - Studio - 380 SF

{{slideTitle}}

/3

Offering Memorandum Click Here to Access

More Attachments

View the Floor Plan - 1BR Suite - 520 SF
View the Floor Plan - Studio 380S F
View the Floor Plan - 2BR, 1BA - 2BR, 1BA Suite - 620 SF

Data Room Click Here to Access

Market Analytics Click Here to Access

{{summary.v}}

{{summary.t}}

{{headerValue}}
{{rowValue.t}}
{{rowValue.to}}
{{rowValue.l}}
{{rowValue.h}}

{{summary.v}}

{{summary.t}}

{{headerValue}}
{{rowValue.t}}
{{rowValue.a}}
{{rowValue.l}}
{{rowValue.h}}
{{rowValue.m}}

Market Sale Price per Room

Savannah - GA USA

Market Cap Rate

Savannah - GA USA

Market Sale Price per Room by Class

Luxury & Upper Upscale

Upscale & Upper Midscale

Midscale & Economy

Market Cap Rate by Class

Luxury & Upper Upscale

Upscale & Upper Midscale

Midscale & Economy

Market Sale Price per Room Distribution

Market Cap Rate Distribution

Property Facts

Sale Type Investment
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.34 AC
Building Size 55,640 SF
No. Rooms 93
No. Stories 3
Year Built/Renovated 1998/2006
Parking Ratio 2.16/1,000 SF
Corridor Interior
Zoning PUDIS
Parcel Number 2075601022

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites
  • Digital key

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 93 $172.39 CAD -
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
40/100

Sale Advisor

Sale Advisor

Mayank Patel, Senior Vice President
Mayank has worked at Hunter Hotel Advisors for over nine years and has recently transitioned from lead analyst to investment sales.   Mayank has extensive underwriting experience and has performed thousands of valuations for various ownership groups including private equity firms and REITs.  His depth of experience with every hotel brand across the nation through diverse economic conditions makes him a critical member of the Hunter team. Mr. Patel is a graduate of the University of North Carolina at Chapel Hill with a Bachelor of Arts in Economics.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More

Auction Contact

Molly Patten
Auctioneer License: Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
  • Listing ID: 40615887

  • Date on Market: 2026-06-05

  • Last Updated:

  • Address: 11309 Abercorn St, Savannah, GA 31419

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}