The Present | 224 Houston St
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The Present 224 Houston St
15 Room Hotel Savannah, GA 31401 $5,950,000 ($396,667/Room) 10.45% Cap Rate
Executive Summary
Unlock a lucrative opportunity with The Present Hotel, a prized asset for sale in Savannah. Nestled in the coveted Landmark Historic District facing directly on Crawford Square, this 15 unit boutique gem boasts stellar financial performance with annual gross earnings exceeding $950,000. Designed by award winning designer, Elizabeth Demos, and extensively renovated in 2018, each uniquely curated room exudes character, offering guests a blend of historic charm and modern comfort. With its proven track record of success, including robust financials and a loyal clientele, The Present Hotel presents a rare chance to invest in a thriving hospitality business. Don't miss your chance to own Savannah's most unique boutique hotel. Features include updated plumbing, electrical, and in-room controlled high efficient heat and AC, in addition to thoughtfully designed amenities, including a gorgeous courtyard and espresso station. Supplemental videos, pictures and financials available on request.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,950,000 | Lot Size | 0.12 AC |
| Price Per Room | $396,667 | Building Size | 12,834 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 10.45% | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 1850 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C |
| Price | $5,950,000 |
| Price Per Room | $396,667 |
| Sale Type | Investment |
| Cap Rate | 10.45% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 12,834 SF |
| No. Rooms | 15 |
| No. Stories | 4 |
| Year Built | 1850 |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $184.00 | - |
| Guest Room | 13 | $164.00 | - |
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (85)
zoning
| Zoning Code | RIP-A (Transient Lodging) |
| RIP-A (Transient Lodging) |
-
Taavo Roos -
Seabolt Brokers, LLC
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The Present | 224 Houston St
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