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JSK Hospitality Acquires Holiday Inn Express & Suites Hotel In Morrow Georgia For $15.2M
SOLD
$15,200,000
Georgia
See Similar DealsHotel
Sold 07/02/2025
SOLD
JSK Hospitality Acquires Holiday Inn Express & Suites Hotel In Morrow Georgia For $15.2M
1420 Southlake Parkway
See Similar DealsHotel
Sold 07/02/2025
Summary
GEORGIA
Asset Type:Hotel
Transaction Type:Sale
The asset involved in this transaction is a 93-room hotel located at 1420 Southlake Parkway in Morrow, GA. The sale price for the property was $15,200,000. This hotel, a Holiday Inn Express & Suites, includes amenities such as a pool, fitness center, and complimentary breakfast, and is situated conveniently near Atlanta’s airport.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,200,000
- Buyer: JSK Hospitality
- Seller: YM Hospitality of Stockbridge
- Keys: 93
- PPK: $163,441
The transaction was facilitated by JSK Hospitality, representing the buyer, while YM Hospitality of Stockbridge represented the seller in this deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$810,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06
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