Crescent Real Estate Sells 330-Room Hotel At Avalon In Alpharetta, Georgia
9000 Avalon Boulevard
Building Size
—
Asset Type
Hotel
Closing
Sep 25, 2026
About this deal
AI
The property involved in the transaction is a 330-room hotel located at 9000 Avalon Boulevard, Alpharetta, GA. The hotel operated as the hospitality anchor of the Avalon mixed-use development and was sold by Crescent Real Estate, which had acquired it in 2020. The hotel drew significant investor interest due to its strong performance in a growing market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 9000 Avalon Boulevard
- Market: Alpharetta, GA
- Asset Keys: 330
- Seller: Conrad Suszynski - Crescent Real Estate
- Broker: Eastdil Secured Savills
Crescent Real Estate sold the hotel following advice from Eastdil Secured, which facilitated the transaction. The deal attracted considerable attention from investors, reflecting the continuing growth and appeal of the Avalon development.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93