HREC Arranges Sale of Comfort Inn Buckhead North Atlanta, Georgia
DENVER, CO./ ATLANTA, GA. September 4, 2017 - HREC Investment Advisors is pleased to announce it has arranged the sale of the 80-guestroom Comfort Inn Buckhead North located in Atlanta, Georgia. The property was acquired by Wessex Hotels, LLC, a company based in Atlanta.
Tom Huegel, Senior Vice President in HREC Investment Advisors' Atlanta office, exclusively represented PHP Enterprises during the transaction.
“This transaction was the result of a buyer coming to us with a request to specifically seek out a possible purchase of the Comfort Inn and from there, we were able to put buyer and seller together in a deal structure that worked for both parties. In the market we are in today, this type of direct-sourced deal will likely become more prevalent and is a smart strategy for buyers to consider as the market continues to have a dearth of quality acquisition opportunities on the open brokerage market,” commented Huegel.
The Comfort Inn is located directly along the I-285 N Perimeter at Roswell Road in Sandy Springs near the new Sandy Springs City Hall and Performing Arts Center. This location is also close to and convenient to the booming Perimeter Center market and the headquarters of UPS and the new headquarters for Mercedes North America, and just 3 miles east of Cumberland/Galleria and the new Sun Trust Atlanta Braves stadium.
About HREC®: HREC® is the nation's leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), and litigation support. With 16 offices throughout North America, HREC® is distinguished by unwavering commitment to client service and success through its team approach, intellectual capital and hotel/casino specialization.
For additional information on the property, please contact:
Tom Huegel
Senior Vice President
[email protected]
404.671.9598
Scott Stephens
COO & Senior Principal
[email protected]
813.635.0600
Ashley Hunt
Director of Marketing
[email protected]
303.267.0057
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
