706-424-1024
246 Perimeter Center Pky NE, Atlanta, GA for Sale
Hospitality - FOR SALE
1/6
null | Request Cap Rate

246 Perimeter Center Pky NE
Atlanta, GA 30346
Perimeter Center


HIGHLIGHTS

  • value add opportunity
  • below replacement cost
  • upside with renovation

OVERVIEW

INVESTMENT HIGHLIGHTS Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the fee simple interest in the 344-room Atlanta Marriott Perimeter Center (the “Hotel” or “Property”), an institutional-quality, full-service asset located in the heart of Atlanta’s dynamic and established Perimeter Center submarket. This offering presents investors with the opportunity to acquire a Marriott-branded hotel at a fraction of today’s replacement cost. Additionally, through the completion of the change of ownership PIP, coupled with the implementation of a more localized management approach, a new owner will unlock tremendous upside. - Value-add opportunity offered at an extremely attractive basis - Located proximate to a diverse set of demand drivers, including major corporate offices, popular leisure destinations, upscale dining, and leading medical institutions - Situated adjacent to the high-end 1.5M-square-foot Perimeter Mall, the second-largest mall in the state of Georgia - The Perimeter submarket contains more than 29M square feet of office space and a workforce exceeding 120,000 employees, anchored by tenants such as State Farm, Mercedes-Benz, Cox Industries, UPS, and the 1.0M-square-foot state-of-the-art Assembly Studios complex - Strong office market trends, with the Perimeter Center submarket ranking as the second strongest among all Atlanta submarket for leasing activity within the last 12 months - Large-scale mixed-use development projects along with significant redevelopment initiatives are transforming the area into a walkable, mixed-use live-work-play environment - Institutionally owned and third-party managed

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

344

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atlanta Marriott Perimeter Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

16

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1976

PARKING SPACES

314

LAND DETAILS

LAND ACRES

11.17 AC

LAND SF

486,565 SF

ZONING

OI

APN/PARCEL ID

18-329-04-006

ASK ABOUT THIS PROPERTY

Tim OsborneHunter Hotel AdvisorsMore Info
706-424-1024

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

Tim OsborneHunter Hotel AdvisorsMore Info
706-424-1024

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