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Investment Highlights

  • value add opportunity
  • upside with renovation
  • below replacement cost

Executive Summary

INVESTMENT HIGHLIGHTS
Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the fee simple interest in the 344-room Atlanta Marriott Perimeter Center (the “Hotel” or “Property”), an institutional-quality, full-service asset located in the heart of Atlanta’s dynamic and established Perimeter Center submarket. This offering presents investors with the opportunity to acquire a Marriott-branded hotel at a fraction of today’s replacement cost. Additionally, through the completion of the change of ownership PIP, coupled with the implementation of a more localized management approach, a new owner will unlock tremendous upside.

- Value-add opportunity offered at an extremely attractive basis
- Located proximate to a diverse set of demand drivers, including major corporate offices, popular leisure destinations, upscale dining, and leading medical institutions
- Situated adjacent to the high-end 1.5M-square-foot Perimeter Mall, the second-largest mall in the state of Georgia
- The Perimeter submarket contains more than 29M square feet of office space and a workforce exceeding 120,000 employees, anchored by tenants such as State Farm, Mercedes-Benz, Cox Industries, UPS, and the 1.0M-square-foot state-of-the-art Assembly Studios complex
- Strong office market trends, with the Perimeter Center submarket ranking as the second strongest among all Atlanta submarket for leasing activity within the last 12 months
- Large-scale mixed-use development projects along with significant redevelopment initiatives are transforming the area into a walkable, mixed-use live-work-play environment
- Institutionally owned and third-party managed

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 11.17 AC
Building Size 232,858 SF
No. Rooms 344
No. Stories 16
Year Built/Renovated 1976/2018
Parking Ratio 1.35/1,000 SF
Corridor Interior
Zoning OI

Amenities

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Digital key

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 4 $320.64 CAD -
Guest Room 340 $160.32 CAD -
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100

Property Taxes

Property Taxes

Parcel Number
18-329-04-006
Land Assessment
$9,696,384 CAD
Improvements Assessment
$7,869,024 CAD
Total Assessment
$17,565,409 CAD
  • Listing ID: 41719506

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 246 Perimeter Center Pky NE, Atlanta, GA 30346

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