Morning Star Hotel Group LLC Acquires Two Hotels From AVR Realty Co. & Dimension Hospitality For $66M

The asset involved in this transaction is a hotel composite located at 200 Interstate North Parkway East Southeast and 230 Interstate North Circle Southeast, in the Atlanta, GA market. The transaction involved a total sale price of $66,000,000 and consists of 547 keys across two hotels, valued at approximately $120,658 per room. The acquisition includes the 400-room Atlanta Marriott Northwest at Galleria and the 147-room SpringHill Suites Atlanta Northwest, both of which are situated near Truist Bank Park.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $66,000,000
• Market: Atlanta, GA
• Keys: 547
• PPK: $120,658
• Buyer: Morning Star Hotel Group LLC
• Seller: AVR Realty Co. & Dimension Hospitality

Key individuals involved in the transaction include Morning Star Hotel Group LLC as the buyer and AVR Realty Co. & Dimension Hospitality as the sellers, facilitating the sale of the two hotels in Atlanta.