Flacks Group, a Miami-based investment firm, has acquired the 180-room Crowne Plaza North Augusta, an IHG Hotel in Augusta, Georgia.
The luxury hotel was built in 2019 and is based along the Savannah River. It is located a short distance from the Augusta National Golf Club, home of The Masters Tournament. It is also adjacent to the Augusta GreenJackets’ minor league baseball park and situated within the expanding Riverside Village community.
The financial terms of the acquisition were not disclosed.
“We saw a compelling opportunity with the Crowne Plaza North Augusta, a newly built, full-service luxury hotel in a prime location within one of America’s most celebrated tourist destinations,” said Michael Flacks, chairman, CEO and founder of Flacks Group. “The hotel’s close proximity to the Augusta National Golf Club and the unrivaled Riverside Village location makes it an ideal asset for our real estate portfolio.”
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