| Name |
Holiday Inn Express |
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| Location |
Atlanta (Fayetteville), GA (map) |
| Number of Rooms |
60 |
| Asking Price |
REQUEST FOR OFFERS |
| Price/Room |
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| Ownership |
Fee Simple |
| Investment Highlights |
Atlanta suburban market
Premium brand affiliation
Ideal size to maximize revenues and overall returns
Unencumbered by management
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| Property Overview |
The Holiday Inn Express Fayetteville is a mostly interior corridor, two-story hotel located on the historic downtown Fayetteville Square on Lanier Avenue East (Highway 54) within one-tenth mile of Highway 85. The Hotel is strategically located on Highway 54 across the street from the Fayette Courthouse, First United Methodist Church, First Baptist Church, and Fayette Methodist Church. Highway 54 provides easy access to Fayette County’s two major population and business centers: Fayetteville and Peachtree City. The property is located just 2 miles from Highway 314, which provides near-direct access to Hartsfield Jackson Atlanta International Airport. Highway 85 is the county’s main north-south thoroughfare, and provides access to Interstate 75 to the north (just 10 miles away) and through the town of Senoia to the south. The Fayetteville area is continually undergoing development, particularly commercial and residential projects located on Highway 85 just south of downtown Fayetteville. Many new retail outlets have been developed in the last 5 years, including shopping centers anchored by Wal-Mart, Kroger, and Publix. The Fayetteville area is heavily populated by small to medium-sized business parks, medical office parks, and stand-alone commercial buildings. Within a 4-mile radius of the Holiday Inn Express, there are more than 12 office and industrial parks occupied by medical offices, suppliers, manufacturers, etc. Featuring 60 guestrooms, the Holiday Inn Express is ideally situated for business or leisure guests. Each guestroom offers a refrigerator, 10 guestrooms offer microwaves, complimentary high-speed Internet access, coffee maker, hair dryer, and color television with premium cable TV channels. The hotel offers an 875 square feet meeting room and 350 square feet Boardroom, non-smoking guestrooms, free parking, and an outdoor swimming pool. Additionally, there is a beautiful outdoor gazebo that is popular with group functions and civic events such as weddings, family reunions, and other social and religious gatherings.
Additionally, the seller has completed capital improvements in recent months including new sofas and soft seating, lighting package, and a complete new roof (July 2009).
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