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EconoLodge Inn and Suites...1616 N. Express 1616 N Expressway 48 Room Hotel Griffin, GA 30223 $3,300,000 ($68,750/Room)



Investment Highlights
- Location in one of the nicest and busiest area of Griffin, GA; excellent condition rooms; great access for the traveling public; walk to restaurants a
Executive Summary
This is a excellent location Econolodge Suites and Inn in the heart of newer Griffin opposite Walmart, several nice and varied restaurants and shopping, and right on the very busy Highway 19/41 coming south from Metro Atlanta, the Echo Park Speedway, and traffic headed south into Central Georgia. The 51 rooms are in excellent condition with a nice mix of one and two bedded rooms, plus two oversized sauna rooms, and two apartments that can be rented on a weekly basis. The hotel has an appeal to daily business trips as well as to weeklong vacation travelers, enabling visitors to walk to a wide range of stores and restaurants. In addition, the hotel is within a mile of the University of Georgia Agriculture center, along with Southern Crescent Tech College and their Aviation Center. The property is a short 45-minute drive south of the Atlanta Airport, and approximately 90% of the traffic from Griffin, Spalding and Pike Counties pass by the property on a daily basis. The hotel has excellent access going both direction from the busy highway, with good parking allowing for close to room door access. The location is very safe and quiet even though it is in a very busy commercial section of Griffin, with the old, historic, and picturesque downtown Griffin being just 2 miles away, with the famous Doc Holliday Bar and Restaurant a key part of the "social" activity in Griffin.
This is a retirement generated sale and the hotel clearly reflects the pride and careful personal attention to detail that the seller has given to the property as evidenced by the clean, neat, and modernized rooms, as well as the updated morning breakfast area. This is a very nice hotel. All offers encouraged.
This is a retirement generated sale and the hotel clearly reflects the pride and careful personal attention to detail that the seller has given to the property as evidenced by the clean, neat, and modernized rooms, as well as the updated morning breakfast area. This is a very nice hotel. All offers encouraged.
Property Facts
| Price | $3,300,000 | Building Size | 30,243 SF |
| Price Per Room | $68,750 | No. Rooms | 48 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1987/2005 |
| Property Subtype | Hotel | Parking Ratio | 1/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.98 AC | Opportunity Zone |
Yes
|
| Zoning | PCD | ||
| Price | $3,300,000 |
| Price Per Room | $68,750 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 30,243 SF |
| No. Rooms | 48 |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2005 |
| Parking Ratio | 1/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | PCD |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $89.00 | - |
| Guest Room | 46 | $67.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,650,371 | |
| Land Assessment | $1,781,811 | Total Assessment | $8,432,182 |
Property Taxes
Parcel Numbers
Land Assessment
$1,781,811
Improvements Assessment
$6,650,371
Total Assessment
$8,432,182
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EconoLodge Inn and Suites...1616 N. Express | 1616 N Expressway
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