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Economy Hotel Forest Park 241 Falcon Dr 170 Room Hotel Forest Park, GA 30297 $6,937,000 CAD ($40,806 CAD/Room)
EXECUTIVE SUMMARY
Avison Young Hospitality Group, as exclusive advisor, is pleased to offer the Economy Hotel in Forest Park, Georgia—an independently branded, 170-room economy hotel located in the heart of the Greater Atlanta MSA, just minutes from Hartsfield-Jackson Atlanta International Airport and major regional transportation corridors.
This cash flowing asset is being offered unencumbered by management and debt, providing investors with the flexibility to implement new operational strategies and unlock additional value. The Hotel benefits from strong, in-place cash flow and consistently high occupancy, reflecting the area's robust demand for affordable lodging options.
Positioned on a well-trafficked corridor and surrounded by a mix of residential, industrial, and commercial developments, the Property serves a diverse base of extended-stay guests, transient travelers, and workforce demand. The Hotel’s strong occupancy and reliable revenue stream offer a compelling opportunity for investors seeking immediate yield with operational upside.
Additionally, the Property is being offered at a substantial discount to replacement cost, presenting a favorable cost basis in today’s inflationary construction environment. With minimal capital barriers to entry and an opportunity to optimize rate strategies, the Economy Hotel is well-positioned for both short-term returns and long-term value creation.
The Property can be purchased individually or as a part of a larger national portfolio.
This cash flowing asset is being offered unencumbered by management and debt, providing investors with the flexibility to implement new operational strategies and unlock additional value. The Hotel benefits from strong, in-place cash flow and consistently high occupancy, reflecting the area's robust demand for affordable lodging options.
Positioned on a well-trafficked corridor and surrounded by a mix of residential, industrial, and commercial developments, the Property serves a diverse base of extended-stay guests, transient travelers, and workforce demand. The Hotel’s strong occupancy and reliable revenue stream offer a compelling opportunity for investors seeking immediate yield with operational upside.
Additionally, the Property is being offered at a substantial discount to replacement cost, presenting a favorable cost basis in today’s inflationary construction environment. With minimal capital barriers to entry and an opportunity to optimize rate strategies, the Economy Hotel is well-positioned for both short-term returns and long-term value creation.
The Property can be purchased individually or as a part of a larger national portfolio.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $6,937,000 CAD | Building Size | 51,894 SF |
| Price Per Room | $40,806 CAD | No. Rooms | 170 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1968/2019 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 2.65 AC | Corridor | Exterior |
| Zoning | C - Commercial | ||
| Price | $6,937,000 CAD |
| Price Per Room | $40,806 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.65 AC |
| Building Size | 51,894 SF |
| No. Rooms | 170 |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2019 |
| Tenancy | Single |
| Parking Ratio | 1.98/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 170 | $90.18 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 13-0044C-00A-004 | Improvements Assessment | $1,020,313 CAD |
| Land Assessment | $95,235 CAD | Total Assessment | $1,115,548 CAD |
PROPERTY TAXES
Parcel Number
13-0044C-00A-004
Land Assessment
$95,235 CAD
Improvements Assessment
$1,020,313 CAD
Total Assessment
$1,115,548 CAD
CONTACTS
-
Mihir Chokshi -
Jeremy Cabe -
Matt Wilkins -
Keith Thompson -
Avison Young Hotel Group
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Economy Hotel Forest Park | 241 Falcon Dr
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