The Opportunity
Introducing the Stay Express Inn - Athens, a 75-room interior/exterior access hotel located along a major roadway in Athens, amidst new development of major retail brands. This prime location offers a lucrative investment opportunity in a rapidly growing area.
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Recently, five rooms were brought back online, adding immediate value to the property. The property features a profitable nightclub, which is included in the sale, providing an additional revenue stream. With hands-on management, there is significant potential to further increase revenue from the nightclub.
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The current management has not fully utilized the breakfast bar or marketed the Event Center, presenting untapped potential for increased revenue. There are numerous value-add opportunities with these spaces, making this property an attractive investment.
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Stay Express Inn - Athens is currently under a franchise agreement that is easy to work with.
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The property is currently set up for both on-site management and ownership suites, providing flexibility and convenience for owners or managers. On-site management space could also be rented as a premium extended-stay suite, complete with a newly upgraded kitchen.
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Don't miss out on this exciting opportunity to invest in a thriving area with multiple avenues for revenue growth. Contact us today to learn more!
Property Information
Year Built: 1965
Keys: 75*
Acres: 2.80
Building Size: 34,336 SF in three, two-story buildings
2023 Tax Rate: 2.161685
Corridor: Interior and exterior access
Parking: 150 surface spaces
Franchise: Stay Express Inn
Amenities: Outdoor Pool, Public WiFi, Conference Center, Operating Nightclub Business, 2 Jacuzzi Rooms, Breakfast Bar Option, ATM and Vending, On-Site Laundry, Manager's Office, Manager's Suite with Kitchen, Owner's Suite with Kitchen
*Opportunity to convert two additional rooms that are currently utilized as management to guest rooms.
Investment Highlights
ADR: $43.44
Occupancy: 70%
REV PAR: $30.41
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Auxillary Income Source
Additional business included in sale, the GC Lounge.
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Two recently replaced central HVAC units, partial roof replacement (2020), new 32- camera security system, upgraded TV and refrigerator package in units, upgraded automatic sliding doors in lobby, renovated breakfast bar, recently upgraded ASI Front Desk Software.
2023 Room Statistics
Recent Upgrades
Minimal PIPs anticipated with Stay Express Franchise agreement. Additional information provided upon request during due diligence period.
Favorable Franchise Agreement
Photo Gallery
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Location
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Note: For property's financial information, ownership requests a signed confidentiality agreement and POF letter.
2024 METROCOM PROPERTIES, INC. ALL RIGHTS RESERVED. THIS INFORMATION HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT HAS NOT BEEN VERIFIED FOR ACCURACY OR COMPLETENESS. YOU SHOULD CONDUCT A CAREFUL, INDEPENDENT INVESTIGATION OF THE PROPERTY AND VERIFY ALL INFORMATION. ANY RELIANCE ON THIS INFORMATION IS SOLELY AT YOUR OWN RISK. METROCOM PROPERTIES AND THE METROCOM LOGO ARE SERVICE MARKS OF METROCOM PROPERTIES, INC. ALL OTHER MARKS DISPLAYED ON THIS DOCUMENT ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS. PHOTOS HEREIN ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS. USE OF THESE IMAGES WITHOUT THE EXPRESS WRITTEN CONSENT OF THE OWNER IS PROHIBITED.
