The downtown Columbus Marriott hotel in Georgia is for sale and a contract is pending, but the deal has not been completed, Pezold Management Associates executive Tracy Sayers told the Ledger-Enquirer.
The 177-room full-service hotel has been owned by Four J S Family, a Pezold Management holding company, for more than 10 years. Sayers would not disclose the potential purchaser.
“The projected closing is based on the Marriott Corp., but it should be within the next 30 days,” Sayers said.
Atlanta-based Hunter Hotel Advisers is brokering the deal and confirmed there is a contract, but declined to identify the buyer.
The deal reportedly calls for the prospective buyer to retain the 130 employees at the property, situated across from the Columbus Convention & Trade Center.
In addition to the Marriott, Pezold owns five other hotels in the Chattahoochee Valley, including three Hampton Inns. Pezold is looking to acquire additional hotels, Sayers said.
Four J S Family purchased what was then the Columbus Wyndham Hotel for about $13.4 million in December 2002. Prior to the Wyndham brand, the property flew the Hilton flag.