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t r a n s l a t e

Major Value-Add Hotel Opportunity | 64 Keys

21 Chateau Drive
Rome, GA 30161
PRICE : $2,700,000
PROPERTY TYPE: Hospitality
BUILDING SIZE: 36,000 SF
YEAR BUILT: 1998

Highlights

  • Interior corridor
  • Multiple flags available with Sure Stay Plus PIP in-hand
  • Close proximity to healthcare, manufacturing, and leisure demand generators
  • Located at the convergence of the three highways and the main artery of Rome
  • Pro Forma Cap: 14.4%
  • Pro Forma Equity IRR: 36.4%
  • Pro Forma Cash-on-Cash: 22.2%
  • Excellent bones and deep discount-to-replacement cost

Description

Bull Realty is pleased to offer, on an exclusive basis, the opportunity to acquire the fee-simple interest in the 64-key Rome Inn & Suites referred to herein as the "Property", "Asset" or "Hotel") in Rome, Georgia. Unencumbered by management and brand, this former Hampton Inn & Suites by Hilton is the perfect re-branding opportunity for a savvy owner/operator. Available brands include Sleep Inn by Choice, Super 8 by Wyndham, Motel 6 and Sure Stay Plus by Best Western. PIP in-hand with bid for a hotelier to capitalize on the diverse demand generators in Rome "The Capital of Northwest Georgia".

This Asset provides huge upside potential at a steep discount-to-replacement cost. An investment analysis of the acquisition, based on a Pro Forma (calculated using an STR trend report of the nearby competitive properties with the sales price and PIP as a basis) forecasts excellent returns for a new owner.

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