241 Falcon Dr - Hospitality FOR SALE


Forest Park, GA 30297
$5,000,000 USD
404-421-4645
241 Falcon Dr, Forest Park, GA for Sale
$5,000,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

241 Falcon Dr
Forest Park, GA 30297


OVERVIEW

Avison Young Hospitality Group, as exclusive advisor, is pleased to offer the Economy Hotel in Forest Park, Georgia—an independently branded, 170-room economy hotel located in the heart of the Greater Atlanta MSA, just minutes from Hartsfield-Jackson Atlanta International Airport and major regional transportation corridors. This cash flowing asset is being offered unencumbered by management and debt, providing investors with the flexibility to implement new operational strategies and unlock additional value. The Hotel benefits from strong, in-place cash flow and consistently high occupancy, reflecting the area's robust demand for affordable lodging options. Positioned on a well-trafficked corridor and surrounded by a mix of residential, industrial, and commercial developments, the Property serves a diverse base of extended-stay guests, transient travelers, and workforce demand. The Hotel’s strong occupancy and reliable revenue stream offer a compelling opportunity for investors seeking immediate yield with operational upside. Additionally, the Property is being offered at a substantial discount to replacement cost, presenting a favorable cost basis in today’s inflationary construction environment. With minimal capital barriers to entry and an opportunity to optimize rate strategies, the Economy Hotel is well-positioned for both short-term returns and long-term value creation. The Property can be purchased individually or as a part of a larger national portfolio.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$96 USD /SF

# OF ROOMS

170

PRICE/ROOM

$29,412 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Hotel Forest Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1968

PARKING SPACES

103

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,434 SF

ZONING

C

APN/PARCEL ID

13-0044C-00A-004

ASK ABOUT THIS PROPERTY

Mihir ChokshiAvison Young Hotel GroupMore Info
404-421-4645

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Mihir ChokshiAvison Young Hotel GroupMore Info
404-421-4645

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