Paramount Lodging Advisors Sells Residence Inn by Marriott Perimeter Center in Atlanta, GA

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Paramount Lodging Advisors (PLA) is pleased to announce the sale of the 128-room Residence Inn by Marriott Perimeter Center in Atlanta, GA for $9,150,000.

Residence_Inn_Marriott_Atlanta_GA

Residence Inn by Marriott Perimeter Center in Atlanta, GA

PLA agents Scott Griemsmann, Managing Director San Francisco, and Michael Kitchen, Associate Chicago, represented an undisclosed all-cash buyer in the transaction. The exterior-corridor Residence Inn was built in 1986 and will be repositioned by the buyer.

“Having the opportunity to advise our client with the purchase of the Residence Inn Atlanta Perimeter Center has been extremely satisfying for us. We had very specific requirements that we needed to meet and achieving those results in a timely manner only added to the success of the deal. We are pleased to represent a buyer who has the ability to close efficiently in such transactions, “ noted Scott Griemsmann.

About Paramount Lodging Advisors
Paramount Lodging Advisors is a hotel brokerage and advisory firm specializing in the asset management, debt and equity placement, and transaction of hospitality assets across the United States, Canada, & Europe. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com

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Anna Hargraves
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