Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 64-room Wingate by Wyndham hotel property in Augusta, Georgia for $4.25 million.

"This sale highlights the strong demand for well-located hospitality assets in Augusta," said Joe Simpson, senior associate. "The property's proximity to key economic drivers, including Fort Gordon and Augusta National Golf Club, made it an attractive investment opportunity. With the new ownership planning renovations to enhance the guest experience and increase revenue, this transaction reflects the strength of Augusta’s hospitality market and its steady economic growth."

Simpson, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charleston office, marketed the property on behalf of the seller, an Augusta-based LLC. John Leonard is the firm’s broker of record in Georgia.

Located at 2123 Noland Connector Road, the 64-room Wingate by Wyndham Augusta Fort Gordon sits on 1.66 acres and features three floors of guest rooms. The property is located off Interstate 520 near Interstate 20, with several major attractions nearby, including Fort Gordon, the Augusta Medical District, Augusta University and Augusta National Golf Club.