Description
Principals only. Price reduced!!!
4-story interior corridor hotel with 77 units, 32 of them are spacious 2-room suites. Indoor pool, spa, sauna, gym, meeting room, guest laundry, business center, elevator, automatic door. Former Best Western, now Magnuson; average revenues in the past 3 years was around $950,000. 2008 appraisal was $5.3 million. Seller is very motivated and is willing to reduce by $1.8 million. Buyer has the option to convert hotel to Holiday Inn Express, Best Western, Comfort Inn or Quality Inn and Suites etc. Replacement cost is estimated to be $5.9 million.
Seller's lender is very willing to finance your purchase. Complete business plan is required to apply for SBA loan.
Per seller, signed confidentiality agreement is required to obtain financials. Please click on the link below to print the confidentiality agreement, complete, sign and email or fax the signed confidentiality agreement to Mel Lee (678)672-3193.
Based on Smith Travel reports of competitive set in 3-mile area, this hotel has a realistic potential room revenue of $1.4 million. Proof of sufficient capital investment may be required to enter into an agreement.
On I-75 Windy Hill Road exit to many high-rise offices, upscale shopping mall and lots of commercial retail centers; 1 block from I-75, between Waffle House and Starbucks; at the intersection of I-75 and I-285. This is one of the most expensive areas in Metro Atlanta. Only 12 miles north of Downtown Atlanta, about 23 miles or 25 minutes from Atlanta International Airport.
La Quinta Inn on I-75 in Metro Atlanta.
Wow!!! New La Quinta (new inside out) on I-75 Exit 277 in Metro Atlanta (184 North Point Way, Acworth, Georgia) for sale - no pip, turn key, $2.2 million (firm), 3-story building, interior corridor, 44 rooms and suites, elevator, automatic door, average revenue of $758,000, 2009 estimated revenue of about $600,000.
This won't last, so you better act now.