Project Description

The 124-key Holiday Inn Express & Suites – Windward Parkway, is situated directly off exit 11 on GA-400 and is located in the prosperous and growing suburb of Alpharetta, Georgia. Originally built in 1999 as an all-suite Hotel Sierra, the hotel was converted into a Holiday Inn Express in 2014. The hotel features 124 over-sized suites, 1586 square feet of meeting space, a business center, bistro, outdoor pool, high-speed Internet, and a 24-hour snack/sundries pantry. The hotel is located 22 miles North of downtown Atlanta. The market demand drivers include diversified corporate demand from various sectors including financial services, transportation, communications, computers/data processing, and retailers and wholesalers.

LOCATION: Alpharetta, Georgia

YEAR BUILT: 1999

NUMBER OF ROOMS: 124

AQUISTION DATE: July 2013

PROJECTED IRR: 25%

PROJECTED EQUITY MULTIPLE: 2.47

BUSINESS PLAN: Rebrand/Management Realignment