About This Project

The Partridge Inn was sold in 2021 with a realized IRR of 83% with a 15.7x realized equity multiple. The Partridge Inn went through a $9 million renovation in 2015. In 2022, another $10 million renovation was completed. After multiple months of closure the 113-year-old hotel, with over 90 different room types, reopened its doors March 25th, in record time for the 2022 Master’s Golf Tournament. With a newly reimagined restaurant and rooftop bar to the well-appointed accommodations and amenities the Partridge Inn is an escape from the ordinary. Since opening, substantial and sustainable growth has been obtained across a broad spectrum of targets. The financial comparison below is from 2012, the prior management company’s peak performance.

• 123% Increase in Revenue from $4.3 million to $9.6 million
• 422% Increase in Profits, GOP from $663,000 to $3.6 million
• 3,233% Increase in NOI from $75,000 to $2.5 million

About the Property

The iconic Partridge Inn has been providing southern hospitality and charm for over 100 years.  As part of the luxury hotel brand, Curio Collection by Hilton, as well as the Historic Hotels of America, the Partridge Inn offers first-class amenities and the consistency of a major chain while maintaining a boutique hotel experience. Opened in 1910, the Partridge Inn history is deeply entwined in Augusta with ties to the Masters Golf Tournament and has hosted celebrities, Presidents, titans of industry, and loyal patrons since opening its doors. Visit the Partridge Inn today for a true taste of southern hospitality.

Key Results

• Won Best of Augusta in 2020 & 2021
• Tripadvisor Travelers’ Choice Winner (2016-2018)