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Economy Hotel Atlanta 4265 Shirley Dr 121 Room Hotel Atlanta, GA 30336 $3,700,000 ($30,579/Room)
INVESTMENT HIGHLIGHTS
- The Economy Hotel Atlanta provides a 120-key interior corridor hotel investment delivered unencumbered by debt or management.
- Located near top employers, the Fulton Airport, and the Six Flags amusement park, the hotel is poised to capture elevated demand for accommodations.
- The property’s fantastic location just off Hwy 70 and I-20 provides impressive daily exposure to more than 170,000 passing vehicles.
- The property is well positioned for visitor traffic sitting just 17 miles from Hartsfield-Jackson International Airport and 9 miles from Downtown.
EXECUTIVE SUMMARY
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present the Economy Hotel Atlanta, a performing 120-key hospitality investment. The property is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire an economy hotel with existing in-place cash flow.
The Economy Hotel Atlanta comprises a total of 36,576 square feet across three floors with interior corridors. The property was originally built in 1985 and renovated in 2003 and is positioned on a landscaped 3.06-acre lot with a prime location just off the intersection of Highway 70 and Interstate 20 in West Atlanta. This fantastic location affords the property direct brand exposure to more than 170,000 vehicles passing by on these bustling arteries each day.
A wealth of nearby attractions and demand drivers delivers an elevated demand for overnight rooms to the area surrounding the Economy Hotel Atlanta. Sitting just 9 miles west of Downtown, the hotel is place near the sprawling UPS SMART Hub facility, the Fulton County Airport, and the Six Flags over Georgia amusement park. More than 35 million visitors flock to Atlanta each year, and the Economy Hotel Atlanta positions investors perfectly to capture their slice of impressive visitor spending that exceeds $11 billion annually.
The Economy Hotel Atlanta comprises a total of 36,576 square feet across three floors with interior corridors. The property was originally built in 1985 and renovated in 2003 and is positioned on a landscaped 3.06-acre lot with a prime location just off the intersection of Highway 70 and Interstate 20 in West Atlanta. This fantastic location affords the property direct brand exposure to more than 170,000 vehicles passing by on these bustling arteries each day.
A wealth of nearby attractions and demand drivers delivers an elevated demand for overnight rooms to the area surrounding the Economy Hotel Atlanta. Sitting just 9 miles west of Downtown, the hotel is place near the sprawling UPS SMART Hub facility, the Fulton County Airport, and the Six Flags over Georgia amusement park. More than 35 million visitors flock to Atlanta each year, and the Economy Hotel Atlanta positions investors perfectly to capture their slice of impressive visitor spending that exceeds $11 billion annually.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,700,000 | Building Size | 36,576 SF |
| Price Per Room | $30,579 | No. Rooms | 121 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1985/2003 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.28/1,000 SF |
| Lot Size | 3.06 AC | Corridor | Exterior |
| Zoning | M2 - Heavy Industrial | ||
| Price | $3,700,000 |
| Price Per Room | $30,579 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.06 AC |
| Building Size | 36,576 SF |
| No. Rooms | 121 |
| No. Stories | 3 |
| Year Built/Renovated | 1985/2003 |
| Tenancy | Single |
| Parking Ratio | 3.28/1,000 SF |
| Corridor | Exterior |
| Zoning | M2 - Heavy Industrial |
AMENITIES
- High Speed Internet Access
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 121 | $77.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 14F-0052-LL-111-8 | Improvements Assessment | $1,666,520 |
| Land Assessment | $165,280 | Total Assessment | $1,831,800 |
PROPERTY TAXES
Parcel Number
14F-0052-LL-111-8
Land Assessment
$165,280
Improvements Assessment
$1,666,520
Total Assessment
$1,831,800
CONTACTS
-
Mihir Chokshi -
Jeremy Cabe -
Matt Wilkins -
Keith Thompson -
Avison Young Hotel Group
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Economy Hotel Atlanta | 4265 Shirley Dr
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