Project Description

The 149-key Holiday Inn Express Atlanta – Kennesaw is located in the thriving and bustling city of Kennesaw, Georgia. The hotel was built in 1989 and is positioned 25 miles north of downtown Atlanta along Cobb Parkway (Highway 41). The hotel features concrete block construction and amenities include 1200 square feet of meeting space, an outdoor swimming pool, business center, and fitness center. In the last three decades of the 20th century, Cobb County was one of the fastest growing areas in the United States. The hotel benefits from strong and diversified demand generators including close proximity to Kennesaw State University, Sun-trust Park, and corporate business including Home Depot, Floor & Decor, Sierra Wireless, and Thyssenkrupp.

LOCATION: Kennesaw, Georgia

YEAR BUILT: 1989

NUMBER OF ROOMS: 149

AQUISTION DATE: September 2016

PROJECTED IRR: 26%

PROJECTED EQUITY MULTIPLE: 2.42

BUSINESS PLAN: Renovation/Management Realignment