Economy Hotel Forest Park 241 Falcon Dr 170 Room Hotel Forest Park, GA 30297 $5,700,000 ($33,529/Room) 8.92% Cap Rate
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,700,000 |
| Price Per Room | $33,529 |
| Sale Type | Investment |
| Cap Rate | 8.92% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.65 AC |
| Building Size | 51,894 SF |
| No. Rooms | 170 |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2019 |
| Tenancy | Single |
| Parking Ratio | 1.98/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 170 | $65.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $987,160 | |
| Land Assessment | $112,680 | Total Assessment | $1,099,840 |
