Economy Hotel - Forest Park

For Sale

241 Falcon Drive, Forest Park, GA 30297

This Forest Park property for sale is located at 241 Falcon Drive. The current listed sale price for Economy Hotel - Forest Park is $5,700,000.

Contacts

broker
Jeremy Cabe

Avison Young - US - GA - Atlanta

broker
Christopher Kilcullen

Avison Young

broker
Matt Wilkins

Avison Young - US - GA - Atlanta

broker
Keith Thompson

Avison Young

Property Details

  • Property Type Other
  • Property Size 51,894 SF
  • Date Updated Apr 23, 2025

Avison Young Hospitality Group, as exclusive advisor, is pleased to offer the Economy Hotel in Forest Park, Georgia—an independently branded, 170-room economy hotel located in the heart of the Greater Atlanta MSA, just minutes from Hartsfield-Jackson Atlanta International Airport and major regional transportation corridors.

This cash flowing asset is being offered unencumbered by management and debt, providing investors with the flexibility to implement new operational strategies and unlock additional value. The hotel benefits from strong, in-place cash flow and consistently high occupancy, reflecting the area's robust demand for affordable lodging options.

Positioned on a well-trafficked corridor and surrounded by a mix of residential, industrial, and commercial developments, the property serves a diverse base of extended-stay guests, transient travelers, and workforce demand. The hotel’s strong occupancy and reliable revenue stream offer a compelling opportunity for investors seeking immediate yield with operational upside.


Additionally, the property is being offered at a substantial discount to replacement cost, presenting a favorable cost basis in today’s inflationary construction environment. With minimal capital barriers to entry and an opportunity to optimize rate strategies, the Economy Hotel is well-positioned for both short-term returns and long-term value creation.

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Highlights

  • 170 Guestrooms
  • Independently branded economy hotel
  • Sold unencumbered of debt & management
  • Discount to replacement cost
  • Significant In-place cash flow

Getting around

  • 27/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 31/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Forest Park, GA
  • Neighborhood Northwest Forest Park
  • Zip Code 30297
  • Market Atlanta

Points of Interest

  • F Gates & International Terminal

    1.71 miles

  • E Gates

    1.98 miles

  • D Gates

    2.12 miles

  • C Gates

    2.29 miles

  • B Gates

    2.45 miles

  • A Gates

    2.63 miles

  • T Gates

    2.80 miles

  • Domestic Terminal

    2.88 miles

  • Airport

    3.02 miles

  • College Park

    3.47 miles

  • Chevron

    0.52 miles

  • Exxon

    0.73 miles

  • QuikTrip

    0.75 miles

  • RaceTrac

    0.81 miles

  • Shell

    0.92 miles

  • BP

    0.95 miles

  • Texaco

    1.07 miles

  • Sunoco

    1.43 miles

  • Citgo

    1.62 miles

  • ChargePoint

    2.50 miles

  • International Terminal Park-Ride

    1.26 miles

  • C.W. Grant Parkway Park & Ride

    1.30 miles

  • International Terminal Hourly Parking

    1.63 miles

  • Park-Ride Reserve

    2.77 miles

  • Terminal South Daily

    2.81 miles

  • Cell Phone Lot

    2.91 miles

  • South Hourly

    2.91 miles

  • Terminal North Hourly

    2.92 miles

  • Terminal North Gold Lot

    2.97 miles

  • Terminal North Daily

    3.01 miles

  • Atlanta Airport Hotel

    0.01 miles

  • Econo Lodge Atlanta Airport East

    0.64 miles

  • Knights Inn Forest Park

    0.72 miles

  • Comfort Suites Atlanta Airport

    0.73 miles

  • Home Lodge

    0.81 miles

  • Western Inn

    0.83 miles

  • Quality Suites Atlanta Airport East

    0.86 miles

  • InTown Suites Atlanta South

    1.20 miles

  • Kimpton

    1.92 miles

  • BEST WESTERN PLUS Atlanta Airport-East

    2.00 miles

  • Brito Supermarket

    0.99 miles

  • The Walker Building

    1.98 miles

  • Pavillion Plaza

    2.03 miles

  • El Granero

    2.07 miles

  • El Dixie Plaza

    2.40 miles

  • Clayton Plaza

    2.40 miles

  • Piggly Wiggly

    2.43 miles

  • Jasber Plaza

    2.58 miles

  • Crew Outfitters

    2.62 miles

  • Atlanta Pharmacy

    2.64 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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