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Hospitality Asset Procurers Acquires Hyatt House Atlanta/Cobb Galleria Hotel For $18.2M
SOLD
$18,200,000
Georgia
See Similar DealsHotel
Sold 11/24/2025
SOLD
Hospitality Asset Procurers Acquires Hyatt House Atlanta/Cobb Galleria Hotel For $18.2M
3595 Cumberland Boulevard Southeast
See Similar DealsHotel
Sold 11/24/2025
Summary
GEORGIA
Asset Type:Hotel
Transaction Type:Sale
The asset involved in this transaction is a hotel located at 3595 Cumberland Boulevard Southeast in Atlanta, GA. The property is a 149-room Hyatt House, which was sold for a total price of $18.2 million, equating to $122,148 per room.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $18,200,000
- Address: 3595 Cumberland Boulevard Southeast
- Market: Atlanta, GA
- Number of Keys: 149
- PPK: $122,148
The buyer of the property is Hospitality Asset Procurers. The transaction was facilitated by broker Mayank Patel from Hunter Hotel Advisors, who represented the buyer in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
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