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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:-


Sale Notes:
Sales Price $1,675,000

- 2.71 acre undeveloped site in two parcels for construction of new hotel and new restaurant
- 20-year transferable IHG license agreement for 93 guest rooms, 5 floors
- 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 $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
- Site can accommodate restaurant of approximately 5,000 sq. ft. and 140 seats

DC Hospitality
Neil Collins
(404) 939-9780

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