Ashford Trust Sells 85-Room Hotel In Lawrenceville, GA For $8.1M | 1135 Lakes Parkway | Hotel | Sale

Summary

Sale

GEORGIA

Hotel

The property involved in the transaction is the 85-room Hampton Inn located at 1135 Lakes Parkway in Lawrenceville, GA. The hotel was sold by Rob Hays, representing Ashford Trust, for $8.1 million, equating to $95,294 per key. The sale yielded a 6% capitalization rate.

Summary of transation details:

Property Type: Hotel
Transaction Amount: $8,100,000
KEYS: 85
PPK: $95,294
Market: Lawrenceville, GA

Ashford Hospitality Trust Inc. completed the sale of the Hampton Inn Lawrenceville. The sale price of $8.1 million was negotiated by Rob Hays on behalf of Ashford Trust. The transaction took place on April 29, 2024.

Details

Deal Summary

SOLD

IMAGE: 04/29/2024 ADDRESS: 1135 Lakes Parkway MARKET: Lawrenceville, GA ASSET TYPE: Hotel SELLER: Rob Hays - Ashford Trust SALE PRICE: $8,100,000 KEYS: 85 | PPK: $95,294 NOTE: Ashford Hospitality Trust Inc. has completed the sale of the 85-room Hampton Inn Lawrenceville in GA for $8.1 million ($95,300 per key), yielding a 6% capitalization rate.

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Address1135 Lakes Parkway

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