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Monday, December 30, 2024

Hotel Vacancies

Masters flag
Rob Schumacher-USA TODAY Sports

Hotels in Augusta, Ga., are struggling without fans at the Masters, which begins Thursday. The missed Masters week will cost hotel owners more money than several months of COVID-related slowdowns. 

Masters week — postponed from its usual April date — normally fills up 7,200 hotel rooms and 4,000 rental home listings. At least one hotel, the historic Partridge Inn, is more than 60 days delinquent on its $15 million mortgage.

In a normal year, the golf tournament is estimated to be worth $120 million in economic impact to the city.

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