Listed by Avison Young - Atlanta
$3,500,000
Economy Hotel - Atlanta
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 36,576
Keys 120
Year Built 1985
Buildings 1
Stories 3
Acreage 3.060
Zoning M2
Parking Spaces 120 spaces
Parking per 1,000 SqFt 3.28
Investment Type Value Add
Ownership Fee Simple
Independent Branded Hotel Located Near Greater Atlanta MSA
Marketing description
Avison Young, as agent, is pleased to offer the fee simple interest in the Economy Hotel Atlanta. The property is strategically located in the Greater Atlanta MSA, right off of Interstate 20. The property is a three story, exterior corridor building comprised of 120 total guestrooms. The property is being sold unencumbered of debt and management, with in-place cash flow. Property can be purchased individually or as a part of a larger national portfolio.
Investment highlights
- Price Reduction
- INDEPENDENT ECONOMY HOTEL
- UNENCUMBERED OF DEBT & MANAGEMENT
- DISCOUNT TO REPLACEMENT COST
- THREE STORY, EXTERIOR CORRIDOR
Listing Contacts
Listed by Avison Young - Atlanta
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Zoning
M-2 IndustrialHeavy Industrial
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