1312 Old Covington Hwy - Hospitality FOR SALE


Conyers, GA 30012
$7,600,000 USD
561-227-2676
1312 Old Covington Hwy, Conyers, GA for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

1312 Old Covington Hwy
Conyers, GA 30012


HIGHLIGHTS

  • Rooms: 66
  • Last 3 Year Average Revenue: ~$1,865,000 (2022, 2023, and 2024)
  • Minimal PIP for new buyer
  • Property is being sold by the Original Developer
  • Located approximately 30 minutes away from the highly desirable city of Atlanta
  • Located within close proximity to Interstate-20, providing ease of access and displaying excellent signage to commuters.

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 66-room Country Inn & Suites, located in Conyers, Georgia. The property is a 6-story, limited-service hotel located directly off of Old Covington Highway and conveniently located within close proximity Interstate-20, providing ease of access to commuters along one of Conyers's main thoroughfares and expressways. The Country Inn & Suites offers investors the opportunity to acquire a 66-room property in an established and growing market with exceptional upside opportunity. The sellers are encouraging all offers! Please contact broker for more information: 304-881-6397

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$197 USD /SF

# OF ROOMS

66

PRICE/ROOM

$115,152 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites Conyers

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

90

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C2

APN/PARCEL ID

072-0-01-0012

ASK ABOUT THIS PROPERTY

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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