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2925 Jordan CtAlpharetta, GA 30004
DoubleTree Atlanta Alpharetta
Asset ClassHotel & Hospitality
overview of deal

Overview

HREC Investment Advisors has been retained as the exclusive advisor to the Owner and is pleased to offer for sale the 80-room DoubleTree by Hilton Atlanta Alpharetta (the “Hotel” or “Property”), located in one of Atlanta’s most dynamic submarkets.

 

The DoubleTree Atlanta Alpharetta is located in one of Atlanta’s strongest submarkets on the north side of the city. Alpharetta, known as the “Technology Capital of the South,” hosts a dynamic business community with over 700 businesses, many of these in the technology industry. With a median household income of $130K, the city attracts a highly skilled workforce and cultivates a collaborative environment, making it a top spot for tech innovation and startups. The Hotel’s prime location places it within two miles of major offices for leading companies like Fiserv, Hewlett Packard (HP), UPS, ADP, and AT&T. Located near the major interchange of GA 400 and Windward Parkway, the DoubleTree is close to many of Alpharetta’s top corporate hubs along the Windward Parkway corridor.

 

Investors have the opportunity to purchase a high-quality DoubleTree Hotel with a very minimal property improvement plan (“PIP”) required upon acquisition, as the Hotel completed a major PIP within the last year. With a minimal PIP anticipated, an investor can focus on improving the Hotel’s share of the growing market RevPAR and also increasing bottom-line cash flow. The offering presents investors with an unparalleled opportunity to acquire an upscale, Hilton-branded hotel in a robust and expanding Atlanta submarket, fee-simple and unencumbered by management.

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Investment Highlights

• Rapid Growth in Alpharetta – 25 Million SF of Office Space

• Highly Accessible Location – Along Major Regional Roadways (GA 400/Windward Parkway)

• Atlanta Market’s Robust and Dynamic Economy – GA 400 is a Major Corporate Corridor

• Highly-Desirable Brand Affiliation

• Unencumbered by Management

• Completed Major Renovation in Last Year

• Excellent Condition – Minimal Change of Ownership PIP

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2925 Jordan CtAlpharetta, GA 30004

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Listing provided by Revere CRE