Crescent Real Estate LLC Acquires Home2 Suites By Hilton Alpharetta Hotel For $21.3M From RAM Hotels

The Home2 Suites by Hilton Alpharetta Hotel, located at 12075 Morris Road in Alpharetta, GA, has been sold in a recent transaction. The hotel is a notable asset in the market, offering 107 keys to guests. The sale price for the property was $21.3 million, resulting in a price per key of $199,065.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $21,300,000
• Address: 12075 Morris Road, Alpharetta, GA
• Market: Alpharetta, GA
• Buyer: Crescent Real Estate LLC
• Seller: Rinkesh Patel - RAM Hotels

Crescent Real Estate LLC, represented by their broker Rinkesh Patel from RAM Hotels, made the purchase through their investment vehicle GP Invitation Fund III, LP. The acquisition of the Home2 Suites by Hilton Alpharetta Hotel strengthens Crescent Real Estate LLC's portfolio in the hospitality industry.