Overview

Description

RI Marketplace Online Auction May 6-8, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1884/extended-stay-america-atlanta-ga?utm_source=brevitas&utm_medium=listing&utm_campaign=hospitality_1884

Hunter Hotels, in conjunction with RI Marketplace, is pleased to offer The Extended Stay America Atlanta – Perimeter – Hammond Drive. The Property is a 130-key hotel ideally located in the heart of Perimeter Center, a rapidly developing retail and corporate sub-market of Atlanta located along the interchange of Interstate 285 and Georgia 400. The retail arm of Perimeter Center is anchored by Perimeter Mall, the second largest shopping mall in the state of Georgia with 1.5 million square feet of total retail space and 158 stores and services, directly adjacent to the Hotel. Driving corporate demand to Perimeter Center are the corporate offices of firms such as State Farm, Cox Communications, UPS, and Insight Global. State Farm completed its 1.6-million-square-foot Park Center office building in 2021.

Lamar P. Fisher, Auctioneer
GA License: AUNR003157

Highlights

• The Hotel is located in the rapidly developing retail and corporate sub-market of Atlanta located along the interchange of Interstate 285 and Georgia 400
• Currently corporately managed, the offering presents an opportunity for operational upside and will be delivered unencumbered of flag, management and debt
• Driving corporate demand are the offices of State Farm, UPS, Insight Global, Cox Communications, and OneTrust
• Located 1 mile from the Hotel is Northside Hospital Atlanta, a 621-bed facility that provides comprehensive services in surgical and emergency care, employing 2,300 physicians
• Leisure demand is driven by Perimeter Mall, the second largest shopping mall in the state with 1.5 million square feet of total retail space and 150 stores and services

Documents

---