HREC arranges sale of Georgia Ramada

HREC Investment Advisors has arranged the sale of the 79-room Ramada Limited in Forest Park, Ga. The buyer was HR Hotel Management. A purchase price was not disclosed. The hotel is located approximately five miles south of the Hartfield-Jackson Atlanta International Airport. 

Monty Levy (Senior Vice President - Atlanta), Jeff Brown (Senior Vice President - Atlanta) and Scott Stephens (COO & Senior Principal - Tampa), exclusively represented VFC Properties, LLC during the transaction.

"The hotel's location proximate to both the world's busiest airport and I-75 speaks for itself. The buyer plans a renovation project for the hotel to allow for enhancement of an already successful lodging operation.  We are pleased to have arranged a successful transaction for both the seller and buyer," said Brown.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

 

Read more on

Suggested Articles

The luxury goods company is set to acquire Tiffany & Co. in a deal worth $16.2 billion.

DTZ Investors has purchased the property along with other real estate for more than £70 million.

The company will sell an approximately 5 percent stake in the Shanghai-based hotel operator and franchisor for a nine-figure sum.