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
