Log In/Sign Up
Your email has been sent.
Atlanta Marriott Perimeter Center 246 Perimeter Center Pky NE 344 Room Hotel Atlanta, GA 30346 For Sale



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
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 | No. Rooms | 344 |
| Property Type | Hospitality | No. Stories | 16 |
| Property Subtype | Hotel | Year Built/Renovated | 1976/2018 |
| Building Class | B | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 11.17 AC | Corridor | Interior |
| Building Size | 232,858 SF | ||
| Zoning | OI | ||
| 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
| Parcel Number | 18-329-04-006 | Improvements Assessment | $7,869,024 CAD |
| Land Assessment | $9,696,384 CAD | Total Assessment | $17,565,409 CAD |
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
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Atlanta Marriott Perimeter Center | 246 Perimeter Center Pky NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

