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Hotel-Motel

Hyatt Place Atlanta Airport North

3415 Norman Berry Dr, East Point, GA 30344

Listing Price: $16,500,000

Cap Rate
4.40%
Number of Rooms
150
RevPAR
$68
Gross SF
84,516
Price/Room
$110,000
RRM
4.45
Price/Gross SF
$195.23
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 150-unit, Hyatt Place Atlanta Airport, located in East Point, Georgia. The subject property is ideally located on 1.48 acres of land and features 6 floors of well-maintained guest rooms. Common area amenities include complimentary continental breakfast, fitness center, outdoor swimming pool, 24-hour front desk, free on-site parking, guest-laundry facilities, and a business center with fax and photocopy machine. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, iron & ironing board, sitting area, private bathroom, and hairdryer. The Hyatt Place is in an attractive location directly off I-85 within 2 miles of the Hartsfield-Jackson Atlanta Airport. The Atlanta airport is the busiest airport in the U.S. and provides services to more than 95 million people annually to over 160 U.S. destinations and 70 international destinations. Downtown Atlanta is located less than 8 miles from the hotel creating close proximity to all demand generators and attractions in the area. The Atlanta metro harbors professional sports teams, fine dining, cultural attractions, universities, and much more. Notable universities in the area include Georgia Institute of Technology, Emory University, and Georgia State University, which have a combined enrollment of over 48,500 students. Another Atlanta highlight is the Mercedes Benz Stadium, which can hold over 71,000 fans and is home to the National Football League team, the Atlanta Falcons, as well as Major League Soccer team, Atlanta United FC. The downtown area of Atlanta encompasses many public parks for recreational use, including Piedmont Park and the Centennial Olympic Park which was home to the 1996 Summer Olympic games, which has been turned into a public park as a part of Atlanta’s efforts to revitalize downtown.

Investment Highlights

  • Fee simple interest in the 150-unit, Hyatt Place Atlanta Airport North, located in East Point, Georgia
  • Conveniently located off I-85, with close proximity to Hartsfield-Jackson Atlanta International Airport
  • Hartsfield-Jackson Atlanta International Airport, 1 mile away, is the busiest airport in the U.S.
  • Higher Education | Georgia State Univeristy Perimeter College - Clarkston Campus, Emory Univeristy, Georgia Institute of Technology, & Georgia State University
  • Medical Centers | Emory Decatur Hospital, Emory University Orthopedics & Spine Hospital, Northside Hospital Atlanta, Children's Healthcare of Atlanta - Scottish Rite Hospital
  • Downtown Atlanta, less than 8 miles away, boasts a lively metro filled with entertainment, restaurants, retail, and more

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Hotel-Motel

Hyatt Place Atlanta Airport North

Listing Price: $16,500,000

Cap Rate
4.40%
Number of Rooms
150
RevPAR
$68
Gross SF
84,516
Price/Room
$110,000
RRM
4.45
Price/Gross SF
$195.23
Year Built
2001

Investment Highlights

  • Fee simple interest in the 150-unit, Hyatt Place Atlanta Airport North, located in East Point, Georgia
  • Conveniently located off I-85, with close proximity to Hartsfield-Jackson Atlanta International Airport
  • Hartsfield-Jackson Atlanta International Airport, 1 mile away, is the busiest airport in the U.S.
  • Higher Education | Georgia State Univeristy Perimeter College - Clarkston Campus, Emory Univeristy, Georgia Institute of Technology, & Georgia State University
  • Medical Centers | Emory Decatur Hospital, Emory University Orthopedics & Spine Hospital, Northside Hospital Atlanta, Children's Healthcare of Atlanta - Scottish Rite Hospital
  • Downtown Atlanta, less than 8 miles away, boasts a lively metro filled with entertainment, restaurants, retail, and more

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 150-unit, Hyatt Place Atlanta Airport, located in East Point, Georgia. The subject property is ideally located on 1.48 acres of land and features 6 floors of well-maintained guest rooms. Common area amenities include complimentary continental breakfast, fitness center, outdoor swimming pool, 24-hour front desk, free on-site parking, guest-laundry facilities, and a business center with fax and photocopy machine. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, iron & ironing board, sitting area, private bathroom, and hairdryer. The Hyatt Place is in an attractive location directly off I-85 within 2 miles of the Hartsfield-Jackson Atlanta Airport. The Atlanta airport is the busiest airport in the U.S. and provides services to more than 95 million people annually to over 160 U.S. destinations and 70 international destinations. Downtown Atlanta is located less than 8 miles from the hotel creating close proximity to all demand generators and attractions in the area. The Atlanta metro harbors professional sports teams, fine dining, cultural attractions, universities, and much more. Notable universities in the area include Georgia Institute of Technology, Emory University, and Georgia State University, which have a combined enrollment of over 48,500 students. Another Atlanta highlight is the Mercedes Benz Stadium, which can hold over 71,000 fans and is home to the National Football League team, the Atlanta Falcons, as well as Major League Soccer team, Atlanta United FC. The downtown area of Atlanta encompasses many public parks for recreational use, including Piedmont Park and the Centennial Olympic Park which was home to the 1996 Summer Olympic games, which has been turned into a public park as a part of Atlanta’s efforts to revitalize downtown.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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