Ackerman/Pioneer Land Advisory Group has completed the sale of a 2-acre property in LaGrange, Georgia, to Noble Investment Group for $1.5 million, marking a significant development in the local hospitality sector. The site, located in the Sola mixed-use development near Interstate 85, will become home to a new 4-story StudioRes by Marriott hotel.
The property, situated at 101 Timberwolf Drive adjacent to Great Wolf Lodge Water Park, represents a strategic investment in an increasingly popular extended-stay hotel market. The 124-room StudioRes will offer fully furnished studios with queen beds, kitchenettes, and dedicated workspaces, catering to travelers seeking longer-term accommodations at affordable rates.
Noble Investment Group's development reflects the growing demand for flexible, home-like lodging options. The hotel will feature amenities such as a fitness room, communal table, and guest-paid laundry facilities, addressing the evolving needs of modern travelers who require more than traditional hotel accommodations.
The transaction, brokered by Ackerman/Pioneer professionals John Speros, JT Speros, and Kyle Gable, continues the firm's impressive track record of facilitating significant real estate transactions. The company has brokered over $600 million in transactions, contributing to numerous high-profile housing and commercial developments across the Southeastern United States.
This project underscores the ongoing expansion of hospitality infrastructure in Georgia's regional markets, highlighting the state's continued attractiveness for commercial real estate investment. The StudioRes development represents not just a new hotel, but a strategic response to changing travel and accommodation trends.
