Savannah Suites Extended Stay Hotel

$9,500,000

3480 Welcome All Road SW, Atlanta, Ga 30331

For Sale

Hotel Extended Stay

Active

Last Updated: 09/03/2024

Details:

Cap Rate: 8%

NOI: $860,000

Lot Area: 3.75 acres

Keys: 94

ADR: $65

Average Room Size: 340 sqft

Year Built: 2020

Management: Unencumbered

Floors: 3

Parking Spots: 100

Number of Elevators: 1

Investment Strategy: Core Plus

Highlights:

The Hotel opened in August of 2020 and would require little if any renovation.
It would be easily convertible to several name extended stay brands.
The cap rate of 8 is in line with typical hotel transactions in Atlanta
The property has been running an occupancy in the 85% + range

Description:

The Hotel at 3480 Welcome All Rd in Atlanta Ga has an excellent location just outside Interstate 285 off Campcreek Pkwy. It has 94 guest rooms. It is a 3 story building with interior corridors.

The property opened in aug 2020. The hotel has a guest laundry, a fitness centre, a Business Center, and vending,

Please see our Executive Summary for more details

Map:

Documents:

	Title
	Atlanta_-_EBITDA_Dec_2022_to_Nov_2023.pdf
	Atlanta_-_Occupancy_Report_2023.pdf
	Executive_Summary_Atlanta_Airport_2.doc

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