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ABSOLUTE AUCTION in Macon, GA

298-room/16 Floor - Full Service Ramada Plaza Hotel in Macon, GA

Lender-Owned hotel presents a unique opportunity for a potential investor to purchase this upscale hotel at a significant discount to replacement cost.

Live On-Site Auction

Began: Tuesday, March 09, 2010 at 1:00 PM EST

Location: 108 First Street, Macon, GA 31201

Inspection

Began: Tuesday, February 16, 2010 at 1:00 PM EST

Ended: Tuesday, February 16, 2010 at 4:00 PM EST

Location: 108 First Street, Macon, GA 31201

Inspection

Began: Tuesday, February 23, 2010 at 1:00 PM EST

Ended: Tuesday, February 23, 2010 at 4:00 PM EST

Location: 108 First Street, Macon, GA 31201

Inspection

Began: Tuesday, March 02, 2010 at 1:00 PM EST

Ended: Tuesday, March 02, 2010 at 4:00 PM EST

Location: 108 First Street, Macon, GA 31201

Inspection

Began: Tuesday, March 09, 2010 at 11:00 AM EST

Ended: Tuesday, March 09, 2010 at 1:00 PM EST

Location: 108 First Street, Macon, GA 31201

Details

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Description:

This Lender-Owned 298-room Ramada Plaza full service hotel property has extensive support amenities including 20,000+/- sf of flexible meeting space including an 8,184+/- sf ballroom. Other amenities include an outdoor pool, business center, fitness center, lounge, café and grille. The hotel is offered with or without a franchise agreement.

It is strategically located in downtown Macon, GA just off Interstate 16. The Georgia Sports Hall of Fame, Georgia Music Hall of Fame, and the Macon Centre plex are all within walking distance of the hotel. The Medical Center of Central Georgia, Mercer University, and Wesleyan College are also located nearby.  

  • Built in 1969
  • 298 Guestrooms/222 in Service
  • 2.2 Acres
  • 100% Wireless Internet
  • 66-Seat Grille
  • 58-Seat Cafe
  • 55-Seat Lounge
  • Zoning: CBD-1
  • Annual Taxes $61,347.02

Directions:

From Atlanta/ATL
Follow I-75 South to I-16 East. Take the first Exit - Spring Street turning right. At the first light, Riverside Drive, turn left. Turn right at the second light onto First Street and the Ramada Plaza Hotel is on the left.
From Savannah/SAV
Follow I-16 West into Macon and exit at Spring Street, turning right. At the first light, Riverside Drive, turn left. Turn right at the second light onto First Street and the Ramada Plaza Hotel is on the left.

Summary of Terms:

10% Buyers Premium. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold "AS-IS, WHERE-IS". In order to bid at the auction, a non-refundable deposit of 10% ($100,000 minimum) of the purchase is required and closing within 30-days. 1.5% Broker participation invited. Complete terms and conditions will be provided prior to auction day.

To receive a Property Information Package, complete the Confidentiality Agreement in the documents file above, sign and fax it to 918-895-7076. For more information, call 877-895-7077.

In conjunction with: Fine & Company, LLC - Broker # 62969;  Renee Jones, Auctioneer # AUNR002638

 

 

AuctionServices

National Commercial
Auctioneers, LLC

7715 East 111th Street South, #114
Tulsa, OK 74133
info@natcomauctions.com
918-895-7077
877-895-7077 toll free
918-895-7076 fax