4505 Best RdCollege Park, GA 30337

Property Details for 4505 Best Rd

Year built

1987

Construction

WOOD

Lot size

3.11 AC

Property size (Sq ft)

20,440 SF

Zone code

C2

Property type

Motels

APN

13 0037 LL0720

APU

130037LL0720

Description

This exceptional 156-key hotel, the Days Inn by Wyndham College Park Airport Best Road, presents a compelling investment opportunity in the thriving College Park, Georgia market. Situated on a generous 3.11-acre lot at 4505 Best Rd, 30337, this property boasts a prime location offering convenient access to Hartsfield-Jackson Atlanta International Airport and other key attractions. The hotel underwent a complete renovation in 2023, ensuring modern amenities and guest comfort. Financial performance has been exceptionally strong, exceeding market expectations. As of September 2024, the trailing twelve months (TTM) show impressive results, including over $2.31 million in room revenue and a RevPAR of $41.05. Furthermore, the property has consistently outperformed its competitive set, achieving a market penetration exceeding 110% since 2022. This demonstrates a robust and resilient business model with significant potential for continued growth. The property's strong performance, coupled with its recent renovation and strategic location, makes it an ideal acquisition for investors seeking a high-return hospitality asset in a dynamic market. This is a rare opportunity to acquire a well-established and high-performing hotel in a prime location. Detailed financial statements are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,952,991

  6.5%

  $2,725,838

  7%

  $2,531,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,369,512

  Geo Method

  $9,369,512

• Alternative Use

  Use

  Valuation

  Residential

  $2,975,823

  Hospitality

  $2,725,838

  Educational

  $2,267,865

  Medical

  $2,345,860

  Retail

  $3,527,790

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.6329

Longitude

-84.4587

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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