241 Falcon Dr Forest Park, GA 30297-1601

Property Details for 241 Falcon Dr

Year built

1968

Lot size

2.65 lot acres

Property size

1,476 SF

Zone code

C

Property type

Motels

APN

13-044C- A-004

APU

13044CA004

Description

This exceptional investment opportunity presents a portfolio of three independently branded economy hotels located in the thriving Greater Atlanta MSA, encompassing Forest Park, Decatur, and Roswell, Georgia. The portfolio boasts a total of 410 guest rooms across the three properties, built in 1968, 1974, and 1985, with renovations completed in 2017 and 2019. Offered at $15,500,000 fee simple, this value-add investment presents a significant discount to replacement cost, considering current construction expenses. The properties are fully unencumbered by debt or management agreements, providing a fresh start for a new owner to implement operational improvements and capitalize on existing cash flow. Each hotel is zoned for commercial use, and the portfolio offers the flexibility of purchasing as a whole or individually. This presents a unique opportunity to acquire a regionally concentrated portfolio of established economy hotels in a dynamic market. The portfolio's location within the Greater Atlanta MSA provides access to a robust tourism and business travel market, ensuring strong potential for future growth and profitability. This is a rare chance to acquire a well-positioned hotel portfolio with immediate value and significant upside potential.

Location Insight

City

Forest Park

County

Clayton

State

Georgia

Longitude

-84.3977

Latitude

33.6251

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments