For Sale
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1595 Park Place BlvdStone Mountain, GA 30087

59-Key Hotel, High NOI, Georgia

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 59-key hotel presents a compelling investment opportunity in the thriving Stone Mountain, Georgia market. Built in 1998, this two-story property sits on a spacious 1.69-acre lot at 1595 E Park Pl Blvd, Stone Mountain, GA 30087, within Gwinnett County. The hotel's strong performance is evidenced by a robust 2023 RevPAR of $64.65, reflecting consistent demand and operational efficiency. Furthermore, the property boasts a commendable average Net Operating Income (NOI) margin of 38.3% over the past three years (2021-2023), demonstrating its profitability and resilience. In 2023 alone, the hotel generated a substantial NOI of $469,000. This well-established hotel offers a rare blend of established performance and significant growth potential in a desirable location. The property's size and location provide ample opportunity for future expansion or operational enhancements. This turnkey operation is ideal for investors seeking a proven, high-performing asset in a dynamic market. Detailed financial statements are available upon request. This is a chance to acquire a profitable hospitality asset with a strong track record and significant upside potential.

Highlights

  • $64.65 RevPAR (2023)
  • 38.3% Average NOI Margin (2021-2023)
  • $469,000 NOI (2023)

Property Details for 1595 Park Place Blvd

Property type
Hospitality properties, Motels
Year Built
1998
Stories
2
Lot Size (sq. ft)
73,616 SF

Location Insight

City
Stone Mountain
County
Gwinnett
State
Georgia
Latitude
33.826554012197
Longitude
-84.113476983584
1595 Park Place Blvd, Stone Mountain, Georgia

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1595 Park Place Blvd
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