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1101 S Big A Road - Holiday Inn Express, Toccoa, GA

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1101 S Big A Road - Holiday Inn Express

Toccoa, GA 30577


Property Type:Hospitality Number of Rooms:93 Status:Under Construction Year Built:2017
Stories:5 Building Size:53,903 SF Land Area:2.17 AC (94,525 SF)
For Sale Price:$1,300,000 Price/Room:$13,978 Cap Rate:-

Parking:-



Sale Notes:
" 2.71 acre undeveloped site in two parcels
for construction of new hotel and new restaurant
" 20-year transferable IHG license agreement for
vð 93 guest rooms, 5 floors
vð Value of $125,000 per room when completed
and $140,000 per room when stabilized
(Source: U.S. Hotels Inc.)
" Property tax abatement incentives are available
over 4, 5, or 10 years depending on which plan
option you select
" Job creation benefits for hotel include
vð $3,000 per job per year for 5 years (e.g. 30 new jobs x $3,000 = $90,000 per year
state income tax shield x 5 years = $450,000 total benefit)
" Ground lease with restaurant tenant can generate income for hotel owner
vð Site can accommodate restaurant of approximately 5,000 sq. ft. and 140 seats

Toccoa (2014 population: 8,500)
is seat of Stephens County, about
90 miles northeast of Atlanta and
70 miles southwest of Greenville, SC
Business and leisure visitors attracted by:
" Historic sites, nature areas, cultural
festivals, and food fairs
" Employers such as
vð Caterpillar Inc. manufacturer of
construction and mining equipment
vð Patterson Pump Co. manufacturer
of energy-efficient fire, HVAC and
municipal pumps
vð GEM Industries Inc. structural and
metal fabrication
vð Standard Register Co.
communications solutions for
healthcare, financial services,
commercial, and industrial markets
vð Sage Automotive Interiors Inc.
innovative automotive bodycloth
and headliners
vð Habersham Plantation Corp.
manufacturer of upscale
plantation-style furniture
vð Coats & Clark Inc. textile
manufacturer
vð Eaton Corporation diversified
power management company
vð PTL Company elevator fixtures
and parts manufacturer


DC Hospitality
Neil Collins
(404) 939-9780




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