745 Cobb Place Blvd NW | Kennesaw, GA 30144
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- LoopNet Team
745 Cobb Place Blvd NW
Kennesaw, GA 30144
Candlewood Suites Atlanta - Kennesaw · Hospitality Property For Sale
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54,158 SF
INVESTMENT HIGHLIGHTS
- The luxury Candlewood Extended Stay Suites, a five-story, 98-room, Certified Green hotel, was delivered in June 2023.
- Opportunity to own and operate the stabilized hotel, with revenues projected at $4,200,000/$114 RevPAR.
- Amenities include a full kitchen in each suite, a business and fitness center, an on-site pool, high-speed Wi-Fi, and free laundry facilities.
- 745 Cobb Place Blvd NW caters to rare and convenient placement for the hospitality asset at the junction of I-75 and Hwy 575 within the Atlanta MSA.
- As of June, the twelve-month average RevPAR in the Atlanta submarket was climbing at an exceptional 8.6% annual rate, like the market-wide trend.
- Candlewood Suites business model executes a low ratio of team members to guests for increased operating margins.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built | 2023 |
| Building Class | B | Parking Ratio | 0.87/1,000 SF |
| Lot Size | 1.41 AC | Corridor | Interior |
| Building Size | 54,158 SF | ||
| Zoning | CRC/WS | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.41 AC |
| Building Size | 54,158 SF |
| No. Stories | 5 |
| Year Built | 2023 |
| Parking Ratio | 0.87/1,000 SF |
| Corridor | Interior |
| Zoning | CRC/WS |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | 16-0718-0-007-0 | Improvements Assessment | $2,520,836 |
| Land Assessment | $292,764 | Total Assessment | $2,813,600 |
PROPERTY TAXES
Parcel Number
16-0718-0-007-0
Land Assessment
$292,764
Improvements Assessment
$2,520,836
Total Assessment
$2,813,600
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