107 Princeton Blvd - Hospitality FOR SALE


Adairsville, GA 30103
$3,395,000 USD
813-767-9953
107 Princeton Blvd, Adairsville, GA for Sale
$3,395,000 USD
Hospitality - FOR SALE
1/18
null | 7.48% Cap Rate

107 Princeton Blvd
Adairsville, GA 30103


HIGHLIGHTS

  • 50-Rooms | 2 Stories | Exterior Corridor
  • Ideal Key Count for Owner Operator
  • $200,000+/- in Recent Renovations
  • Upward Trend in Revenue since 2020
  • 2.0 Miles to Historic Downtown Adairsville
  • Rank 1 out of 5 RevPAR vs Competitive Set YE 2024

OVERVIEW

PLEASE DO NOT CALL OR VISIT PROPERTY - PLEASE CONTACT OUR TEAM FOR INFORMATION/TOUR REQUESTS OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn Adairsville - Calhoun South, a Choice Hotel, located in Adairsville, Georgia. The 50-room exterior corridor hotel is located directly off of Interstate 75 (31,800 AADT) with high visibility. The property offering presents an excellent opportunity for an owner-operator to take a hands-on approach and increase the operational efficiency of the business. PROPERTY OVERVIEW: The subject property remains in good condition due to an ongoing capital improvement plan and completed renovations. It is estimated that the change of ownership PIP would be approximately $75,000+/-; though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with Choice Hotels, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost. This includes, without limitation, any franchisor requirements related to a change of ownership. The Recipient is solely responsible for independently verifying all such matters. The property has benefited from substantial capital expenditures by both previous and current ownership, with current ownership investing approximately $200,000+/- in renovations. Recent upgrades under current ownership include: Pool Resurfaced New Breakfast Pantry New Drapery in Guest Rooms New Paint in Guest Rooms Bed Bases Replaced New Bathroom Vanities New Carpet in Guest Rooms LED Bathroom Mirrors New Washing Machines MARKET OVERVIEW: Adairsville, GA is a quaint city steeped in history, offering a unique appeal to visitors interested in its rich past. Adairsville has become a hub for distribution centers due to it’s location near I-75, and its close proximity to larger cities and a variety of local events make it an inviting destination or convenient stop-over. The city’s historic charm, combined with a steady stream of local events and nearby attractions, consistently draws a moderate number of tourists throughout the year. Companies like Georgia-Pacific and others have established large distribution facilities in the area, contributing to the demand for commercial lodging. The city is also home to various manufacturing facilities, including those in the automotive, textile, and flooring industries. The presence of large manufacturers like Shaw Industries and Toyo Tires boosts the local economy and creates demand for business travel accommodations. Property Highlights: ~Quality Inn Adairsville - Calhoun South, A Choice Hotel ~50-Rooms | 2 Stories | Exterior Corridor ~Year Built - 1995, Wood Construction w/ Exterior Brick ~Ideal Key Count for Owner Operator ~$200,000+/- in Recent Renovations ~Ideally Positioned Along I-75 ~Amenities Include: EV Charging Station, Outdoor Pool, Business Center Location Highlights: ~2.0 Miles to Historic Downtown Adairsville ~7.9 Miles to Calhoun Premium Outlets ~9.4 Miles to Barnsley Resort ~19 Miles to Lake Allatoona Boat Rentals ~23.7 Miles to LakePoint Sports ~29.4 Mies to Red Top Mountain State Park ~59 Miles to Downtown Chattanooga, TN ~59 Miles to Downtown Atlanta, GA Financial Highlights: ~List Price of $3,395,000 ~YE 2024 Room Revenue: $812,618 ~Upward Trend in Revenue since 2020 ~Rank 1 out of 5 RevPAR vs Competitive Set YE 2023 ~Rank 1 out of 5 RevPAR vs Competitive Set YE 2024

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$169 USD /SF

# OF ROOMS

50

PRICE/ROOM

$67,900 {currency}

CAP RATE

7.48%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Adairsville Calhoun South

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

I1

APN/PARCEL ID

A009-0199-016

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.