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.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


 

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