Paramount advises on Atlanta-area Drury Inn sale

Paramount Lodging Advisors advised on the sale of the Drury Inn and Suites Atlanta Northeast in Norcross, Ga. The 136-room hotel opened in 1997 and is 10 miles north of Atlanta's Buckhead District. Elite Hotel Management purchased the hotel and plans to rebrand it as a Hampton Inn.

PLA associates Joce Messinger and Adam Montufar exclusively represented the seller, DDC Hotels, Inc., of St. Louis. “Drury constructed an excellent product on the front-end, which made it an ideal candidate for reposition at sale.  This hotel in particular had multiple rebranding options available including Hampton Inn, so the buyer pool was very deep,” said Messinger.

 

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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.