745 Cobb Place Blvd NW - Hospitality FOR SALE


Kennesaw, GA 30144
$18,000,000 USD
404-398-2090
745 Cobb Place Blvd NW, Kennesaw, GA for Sale
$18,000,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

745 Cobb Place Blvd NW
Kennesaw, GA 30144


HIGHLIGHTS

  • Hotel is located right off Interstate I-75
  • Great Location
  • Walking distance from Many Restaurants
  • Located between Braves Stadium and Emerson
  • 5 Story. Built from Ground up
  • Close to All Demand Generators. Bank Financing Available.

OVERVIEW

Rooms: 98 Year Built: 2023 Interior Corridor Lot Size: 1.41 acres 5 Stories Hotel is located right off Interstate I-75 Close to All Demand Generators Bank Financing Available Property Features: Great Location Located right off I-75 Walking distance from Many Restaurants Located between Braves Stadium and Emerson 5 Story. Built from Ground up Candlewood Inn & Suites – Kennesaw, GA is strategically located right off Interstate I-75 in the heart of Town Center, offering exceptional accessibility and proximity to key destinations. The property is just 2 miles from Kennesaw State University and Town Center at Cobb, 4 miles from Kennesaw Mountain National Battlefield Park, and 7 miles from Six Flags White Water. For larger venues and attractions, Truist Park is 11 miles away, The Battery Atlanta is 11 miles away, and Cobb Energy Performing Arts Centre, the Coca-Cola Roxy Theater and Cumberland Mall are 12 miles away. Cultural highlights such as the Atlanta History Center and High Museum of Art are located within 20 miles, and Downtown Atlanta is approximately 23 miles away. Nearby recreational options include an ice-skating rink and multiple dining and retail centers. This prime location combines strong regional connectivity with immediate access to business, education, retail, and entertainment hubs. Location Highlights: 1. Interstate & Highway Access - Conveniently located right off Interstate 75, providing direct connectivity to Downtown Atlanta, Cobb County business districts, and surrounding suburbs. 2. Proximity to Downtown - Approximately 23 miles from Downtown Atlanta, home to major attractions such as the Georgia Aquarium, World of Coca-Cola, and Mercedes-Benz Stadium—typically a 25–30 minute drive. 3. Nearby Shopping & Local Amenities - Just 2 miles from Town Center at Cobb Mall, offering extensive retail and dining options. - Multiple restaurants, entertainment, and service amenities located within a short drive. 4. Regional Attractions - Kennesaw State University – 2 miles - Kennesaw Mountain National Battlefield Park – 4 miles - Six Flags White Water – 7 miles - Truist Park / The Battery Atlanta – 11 miles - Coca-Cola Roxy Theater – 12 miles 5. Cultural & Arts Destinations - Atlanta History Center – 17 miles - High Museum of Art – 19 miles Kennesaw, Georgia's economic drivers are primarily Kennesaw State University (KSU), its strong retail and commercial corridors, and its proximity to Atlanta. Developments in these areas are what will most directly impact the hotel business. Here are the key developments coming to Kennesaw that could drive hotel business in the area: Kennesaw State University (KSU) Growth KSU is a major economic engine for the city and is a primary driver of hotel demand for family visits, athletic events, and academic conferences. The university's growth directly translates to more hotel stays. Enrollment and Economic Impact: KSU's enrollment has continued to grow, with its economic impact on the metro Atlanta area reaching over $2.3 billion. The university's strategic plan is focused on expanding its influence, which includes attracting more students, conducting research, and strengthening community partnerships. Campus Expansion: KSU is in the process of expanding its on-campus housing to accommodate its growing student body. For example, a new residence hall, The Summit II, is under construction and scheduled to open in Fall 2026. While on-campus housing meets some student needs, the overall growth in student population and faculty brings more families and visiting professionals to the area, creating demand for local hotels. Commercial and Retail Developments Revitalization of Commercial Corridors: Kennesaw is home to major commercial areas like Town Center at Cobb and the I-75/I-575 corridor. The city is actively working to attract new retail and restaurant concepts, which provides more reasons for visitors to stay in the area. For example, new stores and restaurants are opening in various shopping centers. Mixed-Use Projects: While some proposed hotel projects have been replaced with mixed-use developments, these projects still contribute to the overall economic health of the city. A mixed-use project on Old 41 Highway, for example, which was initially planned to include a hotel, will now feature luxury apartments and ground-floor commercial space. This type of development creates a more vibrant community, attracts new residents, and supports the local business ecosystem that ultimately benefits hotels. Events and Tourism Sports and Entertainment Venues: Kennesaw's hotel business is heavily driven by its sports complexes. Venues like Fifth Third Bank Stadium and the Cobb County International Airport's surrounding area host numerous events, tournaments, and concerts throughout the year. The city's reputation as a sports tourism destination ensures a consistent pipeline of visitors and teams needing hotel rooms. Community Events: The city's downtown revitalization efforts and local events, such as festivals and markets, make it a more appealing destination for leisure travelers. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$332 USD /SF

# OF ROOMS

98

PRICE/ROOM

$183,673 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Inn & Suites - Kennesaw/Atlanta

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2023

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,313 SF

ZONING

CRC/WS

APN/PARCEL ID

16-0718-0-007-0

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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