Fairfield Inn & Suites Waycross 2205 Memorial Dr 89 Room Hotel Waycross, GA 31501 For Sale
INVESTMENT HIGHLIGHTS
- Newest premium limited-service hotel in over 14 years
- Major Transportation and Economic Hub in SE Georgia with one CSX Transportation's largest rail operations - Six cargo rail lines intersect in Waycross
- Only Marriott Hotel Product in the Market
- Less than 10 min. from the Okefenokee National Wildlife Refuge - a UNESCO World Heritage site nominee attracting over 300,000 visitors every year
- Thriving Agricultural and Forestry Industry in the Region
EXECUTIVE SUMMARY
The Fairfield Inn & Suites Waycross, a newly built 89-room hotel that opened in July 2024, is the only Marriott-branded hotel in the area and is poised to become the market leader—reaching #1 in RevPAR in January 2025 and surpassing $100 RevPAR in the trailing four months. The hotel benefits from its proximity to major employers such as CSX, Georgia-Pacific, and Rayonier. Waycross is home to CSX Transportation’s largest rail yard in the Southeast and the second-largest in the CSX system, as well as its largest locomotive maintenance and inspection facility. Additionally, six CSX rail lines connect Waycross directly to key markets across the Southeast, driving economic activity in the region. Tourism demand is also on the rise, with Okefenokee National Park—a UNESCO Heritage Site nominee— currently drawing over 250,000 visitors annually, a number expected to grow to 800,000. Further, Finnish housing manufacturer Admares recently announced a $750 million, 2.5-million-square-foot mega factory in Waycross. Receiving its name from its strategic location, ‘where ways cross’, Waycross continues to reinforce
itself as the region’s economic hub.
itself as the region’s economic hub.
PROPERTY FACTS
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.85 AC |
| Building Size | 44,500 SF |
| No. Rooms | 89 |
| No. Stories | 4 |
| Year Built | 2024 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | 002 - Commercial Business |
AMENITIES
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $171.00 | - |
| Guest Room | 87 | $149.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,637,853 | |
| Land Assessment | $757,097 | Total Assessment | $2,394,950 |
