Atlanta, Georgia, is a prime location for investing in Hotels, with a diverse economy and a strong presence of major corporations like The Coca-Cola Company, The Home Depot, and Delta Air Lines. Hotels in Atlanta offer a unique investment opportunity, providing a range of options from boutique hotels to large chain establishments. As a significant transportation hub, Atlanta attracts a large number of business travelers and tourists, making it an ideal location for hotel investments. The city's amenities, such as Piedmont Park, Centennial Olympic Park, and the Atlanta Botanical Garden, also make it an attractive destination for visitors. With a strong infrastructure, including the Metropolitan Atlanta Rapid Transit Authority (MARTA) and Hartsfield-Jackson Atlanta International Airport, Atlanta provides easy access to its many attractions and neighborhoods. The city's educational institutions, including the Georgia Institute of Technology and Emory University, also contribute to its appeal as a hub for business and tourism.
Atlanta is home to 6 Hotels for sale, offering a range of investment opportunities. In addition to Hotels, the city also features a range of other commercial properties, including Restaurants, Apartment Buildings, and Shopping Centers. For example, the city's many neighborhoods, such as Downtown, Midtown, and Buckhead, offer a range of Restaurant options, from fine dining to casual eateries. Apartment Buildings are also plentiful, providing a range of residential options for the city's growing population. Shopping Centers, like Lenox Square and Phipps Plaza, offer a variety of retail options, from high-end boutiques to department stores. With its diverse economy and strong infrastructure, Atlanta is an attractive location for investors looking to capitalize on the city's many opportunities.
What factors should I consider when buying a hotel in Atlanta?
When buying a hotel in Atlanta, there are several key factors to consider, including:
- Location: Atlanta's diverse neighborhoods, such as Downtown, Midtown, and Buckhead, offer unique opportunities for hotels, with proximity to major transportation hubs like Hartsfield-Jackson Atlanta International Airport and the Metropolitan Atlanta Rapid Transit Authority (MARTA) being a significant advantage.
- Market demand: With a strong economy driven by industries like transportation, logistics, media, and film and television production, Atlanta attracts a significant number of business travelers and tourists, making it an attractive market for hotel investors.
- Financing options: Exploring commercial real estate loans (CRE loans) can provide hotel buyers with the necessary financing to secure a property, and understanding the terms and options available is crucial for a successful purchase (learn more about CRE loans at https://www.loopnet.com/cre-explained/finance/cre-loans/).
Currently, there are 6 available listings of hotels for sale in Atlanta, with an average price per square foot of $158 USD and an average size of 90,150 square feet. The largest available property spans 248,339 square feet, and the average cap rate is.
How is the value of a hotel for sale typically calculated?
When evaluating hotels for sale in Atlanta, the value of a property is typically calculated through a combination of factors, including its income-generating potential, location, and physical condition. A CRE appraisal, as discussed in our article at CRE appraisals, is a crucial step in determining the value of a hotel, taking into account metrics such as the average daily rate, occupancy rate, and revenue per available room, as well as the property's size, amenities, and proximity to local attractions and transportation hubs.
