Hilton Garden Inn Johns Creek
Newly renovated property will be positioned to command a significant premium in ADR
Property Type
Hotel
Investment Type
Credit/Lending
Brand
Hilton
Date of Investment
June 2023
Location
Johns Creek, GA
Keys
122
Units
Square Footage
Credit/Lending
Strong Submarket Fundamentals
The median household income is $152K and the there is a Master Plan to accommodate recent growth (10-year growth - 7.5%) and for future development
Value-Add Opportunity
Upon renovation, the hotel will be the newest renovated property in the area and will be positioned to command a significant premium in ADR
Operational Upside and Efficiencies
Identified underperforming areas, including revenue management and various cost-savings practices. Operates six other hotels in the Atlanta market creating savings via shared costs and operational synergies
Significant Discount to Replacement Costs
Underwritten all-in basis ($166K/Key) represents a 31.7% discount to replacement cost ($242K/Key) from comparable hotels
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