Economy Hotel - Forest Park

Forest Park, Georgia

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Building

Stats

  • Property Type Hospitality - Economy
  • Year built 1968
  • Year Renovated 2017
  • Building size (SF) 51,894
  • Size (Ac) 2.6

Overview

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.

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.

Highlights

Three Story, Exterior Corridor

Located near Hartsfield Jackson International Airport

170 Total Guestrooms
Unencumbered of management and debt

Can be purchased as portfolio or purchased individually

Fee Simple

Location Map

Downloads

AY_LOI_Blank.doc

Brokerage Team

Christopher Kilcullen

Senior Hospitality Broker
Avison Young
+1 303 250 8338

Keith Thompson

Principal - Hospitality Group
Avison Young
+1 404 307 5116

Jeremy Cabe

Associate Broker / Marketing
Avison Young - US - GA - Atlanta

Matt Wilkins

Senior Hospitality Broker
Avison Young - US - GA - Atlanta
GA 373379
7062808020

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