Economy Hotel - Forest Park
Independent Branded Hotel Located Near Hartsfield-Jackson International Airport
Marketing description
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Forest Park totaling 170 rooms. The property is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire an economy hotels with existing in-place cash flow. The property is located in the Greater Atlanta MSA and near Hartsfield– Jackson International Airport.
INDEPENDENT ECONOMY HOTEL PROPERTY
This property is an independently branded economy hotel.
UNENCUMBERED OF DEBT & MANAGEMENT
The property is being offered fully unencumbered of existing management or debt, allowing for a new owner to come in with fresh capital and an opportunity to retool the property-level operations.
DISCOUNT TO REPLACEMENT COST
Over the last several years as the economy has continued to grow, both labor and materials have reached all-time peaks leading to soaring construction costs for new build projects. Conversely, this property is being offered at a substantial discount compared to the price to replicate the same assets today, offering a new investor immediate value from day one.
Investment highlights
- Price Reduction
- Three Story, Exterior Corridor
- Located near Hartsfield Jackson International Airport
- 170 Guestrooms
- Unencumbered of management and debt
- Fee Simple
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