Mark Beadle:Hotel Broker Atlanta, Georgia - Another Successful Escrow Closed

Scope of Work:

Mark Beadle a Hotel Broker: Just Sold-Guest House Westside – Savannah, Georgia Sold

Description of Project:

Mark Beadle a Hotel Broker with HTL Hospitality Advisors located in Atlanta Georgia is pleased to announce the recent sale of the Guest House Westside in Savannah, Georgia.   The sale of the 88-unit extended stay lodging facility closed on July 27th.  HTL represented the seller, Chatham Anderson, Inc in this transaction.  The buyer, DIA Investments, LLC will initially operate the property as is and plans to reposition the facility over time.  The property was operating at occupancy percentages in the mid 50’s and an ADR in the low 30’s.  The property traded at approximately two times room revenue and was an all cash transaction.

Project Status:

For additional information please contact Mark Beadle at 770-971-3005 or via email at .

Hotel Management: Hyatt Place California
Hotel Broker Mark Beadle Successful Escrow Closed ...

Of this we are certain, no one is better qualified and positioned to assist clients in succeeding with their hotel, tourism and leisure projects, assets and investments than the hotel experts at HTL Hospitality Advisors.

Call us today at (415) 925-8800