5010 Old National Hwy - Hospitality FOR SALE


Atlanta, GA 30349- South Fulton
$12,000,000 USD
404-398-2090
5010 Old National Hwy, Atlanta, GA for Sale
$12,000,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

5010 Old National Hwy
Atlanta, GA 30349
South Fulton


HIGHLIGHTS

  • The Ramada Plaza Atlanta Airport hotel is a full-service hotel with additional parking income.
  • Airport Expansion; adding a 6th runway to eliminate about 2,500 rooms from the market - increased demand with nearby economic development.
  • Strategic location proximate to numerous significant demand generators, highly visible and easily accessible from I-285 & 85.
  • Offered unencumbered by management, fee-simple interest.
  • Offered for sale at pricing well-below replacement cost.
  • This is an upscale brand conversion opportunity.

OVERVIEW

Ramada Plaza Atlanta Airport features solid block and steel construction, built in 1980 with renovations periodically with previous upscale franchise renovations updates with renovations periodically and most recently franchise renovation in 2018 and ongoing improvements. Hotel features include an indoor pool/ outdoor pool, meeting space, ballroom, a formal dining room, and a bar and lounge. The building spans 226,000 square feet on a 5.29-acre parcel offering seven stories. There is additional parking income, three brand-new elevators, new roof work, and a new fire pump. Ramada Plaza Atlanta Airport is a 232-room indoor corridor full-service hotel. The hotel is adjacent to two major highways, Interstate 85 and Interstate 285, and sits adjacent to the World's Busiest Airport Hartsfield Jackson, and is only minutes from Downtown Atlanta. in a high barrier-to-entry market. Being offered at a significant discount to replacement costs. Opportunity to enter one of the most prominent and well-recognized markets of Atlanta being adjacent to the world's busiest airport. Exceptional opportunity with an aggressive marketing plan and strong management will further increase profitability and drive market share. In corner of two major highways, interstates 85 and 285, less than two miles from Hartsfield Jackson International Airport, and only minutes from Downtown Atlanta. The location of the Hotel is central in the Atlanta Metropolitan area with close proximity including the Georgia International Convention Center and the attractions of Downtown Atlanta including the World of Coca-Cola and the Georgia Aquarium. The Hotel got converted to Ramada Plaza Atlanta Airport since December 29th, 2015. Several Upscale Brand Conversion Available. Offered Well Below Replacement. The Property is ideally located in the one of largest MSA in the country, minutes from the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, and directly adjacent to Interstate-285 / Interstate 85, providing high visibility and easy accessibility for the Property. The new Airport Rental Car Center, the Georgia International Gateway Convention Center, the city of College Park and its numerous restaurants, and the College Park MARTA station (providing quick and affordable rail service into Downtown, Midtown, Buckhead, and the Central Perimeter markets), all located within close proximate of the Hotel. Additionally, the proposed Atlanta Aerotropolis Development is expected to break ground in late 2018 along Camp Creek Parkway directly across from the Georgia International Gateway Convention Center. This major mixed-use development, named “Airport City”, is estimated to cost upwards of $10 Billion. Proximity to Hartsfield-Jackson Atlanta International Airport - The property is approximately 3 miles from the airport, offering convenient access. The hotel is in convenient access to major highways - located near Interstate 285 (I-285) and Interstate 85 (I-85), providing seamless connectivity to Atlanta's downtown, nearby suburbs, and surrounding regions. Close to Downtown Atlanta being approximately 13 miles to Downtown, home to major attractions like the Georgia Aquarium, World of Coca-Cola, Mercedes-Benz Stadium, and the Georgia World Congress Center. There is dining and shopping nearby with the Old National Highway corridor featuring various restaurants, fast-food outlets, and local dining options. Several shopping centers are also located within a short drive. There is access to major corporate hubs being near Airport South Corporate Park and Atlanta Tradeport, providing access to regional business and industrial centers. Georgia State University and Atlanta Technical College are located approximately 12–15 miles away. Easy access to MARTA (Metropolitan Atlanta Rapid Transit Authority), connecting to the airport and the greater Atlanta area. The hotel is also a short drive to outdoor areas like W.W. Gordon Park and Clayton County International Park, offering walking trails, picnic areas, and recreational facilities. The Old National Highway corridor continues to experience commercial growth, contributing to increased regional activity. Please do not call the hotel or hotel employees about the sale of the hotel - absentee owner.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$63 USD /SF

# OF ROOMS

232

PRICE/ROOM

$51,724 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramada Plaza Atlanta Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1981

PARKING SPACES

309

LAND DETAILS

LAND ACRES

5.29 AC

LAND SF

230,432 SF

ZONING

C2

APN/PARCEL ID

13-0061-LL-152-9

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 Policy.