JLL’s Hotels & Hospitality group led sale efforts for the Hilton brand hotel
News release
08 January 2024
Sale of Home2 Suites Alpharetta in Atlanta's thriving tech hub completed
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ATLANTA, Jan. 8, 2024 – JLL’s Hotels & Hospitality group announced today that it arranged the sale of the Home2 Suites by Hilton Avalon, located in Alpharetta, Georgia.
JLL worked on behalf of the seller, Ram Hotels.
The 107-room premium branded hotel, strategically located off State Route 400 and within walking distance of Avalon, one of the Southeast's most successful mixed-use developments, has garnered significant interest from investors.
The Home2 Suites benefits from its location in a high barrier-to-entry market, given that the city of Alpharetta no longer permits the construction of extended-stay or select-service properties.
The JLL Capital Markets team was led by Vice Presidents Steve Leslie and Managing Director Chris Dewey.
"The Home2 Suites Alpharetta is a prime example of an irreplaceable extended-stay product in one of Atlanta's newest and most desired lodging market," said Leslie.
With over 700 tech companies and 15 million square feet of office space within a two-mile radius, Alpharetta has become known as the "Silicon Valley of the Southeast." The hotel is strategically positioned in proximity to Avalon, offering easy access to over 570,000 square feet of high-end retail space and 26 chef-driven restaurants.
The hotel's location also provides access to several other notable developments in the area, such as the Northpoint Mall redevelopment, Continuum, Lakeview Park, and Northwinds Summit. These developments are expected to drive corporate and leisure demand, as well as an influx of residents into the city.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.