107 Princeton Blvd, Adairsville, GA 30103
50 Room Hotel | Adairsville, GA 30103 | $3,995,000 ($79,900/Room)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $3,995,000
- Property Type
-
Hospitality
- Square Feet
- 20,140 SF
Listing Contacts
Dennis Hopper CCIM
Verified Profile
Vandan Patel
Verified Profile
Randy Taylor
Verified Profile
- Property Info
Property Overview
OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn Adairsville - Calhoun South, a Choice Hotel, located in Adairsville, Georgia. The 50-room exterior corridor hotel is located directly off of Interstate 75 (31,800 AADT) with high visibility. The property offering presents an excellent opportunity for an owner-operator to take a hands-on approach and increase the operational efficiency of the business. With a YTD - June RevPAR Index of 146.5%, the property is outpacing it’s comp set and has seen RevPAR growth of 11.4% YoY.
PROPERTY OVERVIEW:
The subject property remains in good condition due to an ongoing capital improvement plan and completed renovations. It is estimated that the change of ownership PIP would be approximately $75,000+/-; however, this estimate would need to be verified by change of ownership PIP issued by Choice Hotels. The property has benefited from substantial capital expenditures by both previous and current ownership, with current ownership investing approximately $200,000+/- in renovations. Recent upgrades under current ownership include:'
• Pool Resurfaced
• New Breakfast Pantry
• New Drapery in Guest Rooms
• New Paint in Guest Rooms
• Bed Bases Replaced
• New Bathroom Vanities
• New Carpet in Guest Rooms
• LED Bathroom Mirrors
• New Washing Machines
MARKET OVERVIEW:
Adairsville, GA is a quaint city steeped in history, offering a unique appeal to visitors interested in its rich past. Adairsville has become a hub for distribution centers due to it’s location near I-75, and its close proximity to larger cities and a variety of local events make it an inviting destination or convenient stop-over. The city’s historic charm, combined with a steady stream of local events and nearby attractions, consistently draws a moderate number of tourists throughout the year. Companies like Georgia-Pacific and others have established large distribution facilities in the area, contributing to the demand for commercial lodging. The city is also home to various manufacturing facilities, including those in the automotive, textile, and flooring industries. The presence of large manufacturers like Shaw Industries and Toyo Tires boosts the local economy and creates demand for business travel accommodations.
Nearby Cities:
Calhoun, GA 12 Miles
Cartersville, GA 18 Miles
Rome, GA 25 Miles
Atlanta, GA 59 Miles
Chattanooga, TN 59 Miles
Columbus, GA 150 Miles
Property Highlights:
• Quality Inn Adairsville - Calhoun South, A Choice Hotel
• 50-Rooms | 2 Stories | Exterior Corridor
• Year Built - 1995, Wood Construction w/ Exterior Brick*
• Ideal Key Count for Owner Operator
• $200,000+/- in Recent Renovations
• Upward Trend in Revenue
• Ideally Positioned Along I-75
• Amenities Include: EV Charging Station, Outdoor Pool, Business Center
*per conversation with seller and Property Appraiser records
Location Highlights:
• 2.0 Miles to Historic Downtown Adairsville
• 7.9 Miles to Calhoun Premium Outlets
• 9.4 Miles to Barnsley Resort
• 19 Miles to Lake Allatoona Boat Rentals
• 23.7 Miles to LakePoint Sports
• 29.4 Mies to Red Top Mountain State Park
• 59 Miles to Downtown Chattanooga, TN
• 59 Miles to Downtown Atlanta, GA
Financial Highlights:
• List Price of $3,995,000
• T-12 June 2024 Room Revenue: $830,221
• Upward Trend in Revenue since 2020
• Rank 1 out of 5 RevPAR vs Competitive Set YE 2023
• Rank 1 out of 5 RevPAR vs Competitive Set T-12 June 2024
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn Adairsville - Calhoun South, a Choice Hotel, located in Adairsville, Georgia. The 50-room exterior corridor hotel is located directly off of Interstate 75 (31,800 AADT) with high visibility. The property offering presents an excellent opportunity for an owner-operator to take a hands-on approach and increase the operational efficiency of the business. With a YTD - June RevPAR Index of 146.5%, the property is outpacing it’s comp set and has seen RevPAR growth of 11.4% YoY.
PROPERTY OVERVIEW:
The subject property remains in good condition due to an ongoing capital improvement plan and completed renovations. It is estimated that the change of ownership PIP would be approximately $75,000+/-; however, this estimate would need to be verified by change of ownership PIP issued by Choice Hotels. The property has benefited from substantial capital expenditures by both previous and current ownership, with current ownership investing approximately $200,000+/- in renovations. Recent upgrades under current ownership include:'
• Pool Resurfaced
• New Breakfast Pantry
• New Drapery in Guest Rooms
• New Paint in Guest Rooms
• Bed Bases Replaced
• New Bathroom Vanities
• New Carpet in Guest Rooms
• LED Bathroom Mirrors
• New Washing Machines
MARKET OVERVIEW:
Adairsville, GA is a quaint city steeped in history, offering a unique appeal to visitors interested in its rich past. Adairsville has become a hub for distribution centers due to it’s location near I-75, and its close proximity to larger cities and a variety of local events make it an inviting destination or convenient stop-over. The city’s historic charm, combined with a steady stream of local events and nearby attractions, consistently draws a moderate number of tourists throughout the year. Companies like Georgia-Pacific and others have established large distribution facilities in the area, contributing to the demand for commercial lodging. The city is also home to various manufacturing facilities, including those in the automotive, textile, and flooring industries. The presence of large manufacturers like Shaw Industries and Toyo Tires boosts the local economy and creates demand for business travel accommodations.
Nearby Cities:
Calhoun, GA 12 Miles
Cartersville, GA 18 Miles
Rome, GA 25 Miles
Atlanta, GA 59 Miles
Chattanooga, TN 59 Miles
Columbus, GA 150 Miles
Property Highlights:
• Quality Inn Adairsville - Calhoun South, A Choice Hotel
• 50-Rooms | 2 Stories | Exterior Corridor
• Year Built - 1995, Wood Construction w/ Exterior Brick*
• Ideal Key Count for Owner Operator
• $200,000+/- in Recent Renovations
• Upward Trend in Revenue
• Ideally Positioned Along I-75
• Amenities Include: EV Charging Station, Outdoor Pool, Business Center
*per conversation with seller and Property Appraiser records
Location Highlights:
• 2.0 Miles to Historic Downtown Adairsville
• 7.9 Miles to Calhoun Premium Outlets
• 9.4 Miles to Barnsley Resort
• 19 Miles to Lake Allatoona Boat Rentals
• 23.7 Miles to LakePoint Sports
• 29.4 Mies to Red Top Mountain State Park
• 59 Miles to Downtown Chattanooga, TN
• 59 Miles to Downtown Atlanta, GA
Financial Highlights:
• List Price of $3,995,000
• T-12 June 2024 Room Revenue: $830,221
• Upward Trend in Revenue since 2020
• Rank 1 out of 5 RevPAR vs Competitive Set YE 2023
• Rank 1 out of 5 RevPAR vs Competitive Set T-12 June 2024
Property Details
- Class
- B
- Year Built
- 1995
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 54,886 SF
- Units
- 50
Highlights
- • 50-Rooms | 2 Stories | Exterior Corridor | 1995, Wood Construction w/ Exterior Brick
- • Ideal Key Count for Owner Operator
- • $200,000+/- in Recent Renovations
- • Upward Trend in Revenue
- • Ideally Positioned Along I-75
- • Rank 1 out of 5 RevPAR vs Competitive Set YE 2023 • Rank 1 out of 5 RevPAR vs Competitive Set T-12 June 2024
Nearby Properties
Similar Properties
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