For Sale
$15,500,000

241 Falcon DrForest Park, GA 30297

Three Georgia hotels, 410 keys, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of three independently branded economy hotels located in the thriving Greater Atlanta MSA, encompassing Forest Park, Decatur, and Roswell, Georgia. The portfolio boasts a total of 410 guest rooms across the three properties, built in 1968, 1974, and 1985, with renovations completed in 2017 and 2019. Offered at $15,500,000 fee simple, this value-add investment presents a significant discount to replacement cost, considering current construction expenses. The properties are fully unencumbered by debt or management agreements, providing a fresh start for a new owner to implement operational improvements and capitalize on existing cash flow. Each hotel is zoned for commercial use, and the portfolio offers the flexibility of purchasing as a whole or individually. This presents a unique opportunity to acquire a regionally concentrated portfolio of established economy hotels in a dynamic market. The portfolio's location within the Greater Atlanta MSA provides access to a robust tourism and business travel market, ensuring strong potential for future growth and profitability. This is a rare chance to acquire a well-positioned hotel portfolio with immediate value and significant upside potential.

Highlights

  • $15,500,000 asking price for a value-add investment opportunity.
  • 410-key hotel portfolio in the Atlanta, GA MSA.
  • Fee simple ownership.
  • Three independently branded economy hotels located in Forest Park, Decatur, and Roswell, Georgia.
  • Properties built in 1968, 1974, and 1985, with renovations completed in 2017 and 2019.

Property Details for 241 Falcon Dr

Property type
Hospitality properties, Motels

Location Insight

City
Forest Park
County
Clayton
State
Georgia
Latitude
33.6250076
Longitude
-84.3976697
241 Falcon Dr, Forest Park, Georgia

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241 Falcon Dr
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