WallyPark (Hotel Outparcel)_Property for Sale
WallyPark (Hotel Outparcel)_Property for Sale
3889 Herschel Rd, College Park, GA, 30337, US

WallyPark (Hotel Outparcel)

Asset Description

JLL is pleased to present the opportunity to acquire fee simple interest in The Hotel Pad at 3811 Wally Park Way, a 3.70 acre fully zoned hotel development opportunity that is strategically located just minutes away from the Hartsfield Jackson International Airport. The property is an integral component of WallyPark Atlanta, a short term parking facility that will include ancillary retail uses and currently attracts 100,000 visitors every month. With its prime location near the airport, this hotel development allows for convenient access to a significant customer base, including business travelers, tourists, and airline employees, presenting an excellent opportunity for prospective hospitality investors.


This project boasts several compelling factors, including a solid foundation with complete zoning in place, reducing potential delays typically associated with development approvals. The mixed-use component of the surrounding area further adds value to the opportunity, offering additional foot traffic and potential synergy with retail offerings. The hotel's proximity to Hartsfield Jackson International Airport, the busiest airport in the world based on flight volume, positions it to benefit from the continuous growth in air travel and the demand for hotels near major transportation hubs, ensuring a steady stream of potential customers and the potential for robust financial returns,

...

Investment Highlights

1.) Fully Zoned Development Pad: Property has all zoning entitlements in place and has utilities / electric / sewer hookups in place


2.) Integral Part of a Successful Mixed-Use Concept: The hotel pad will benefit from the success of WallyPark, a short term parking facility that has 8,000 monthly customers. A percentage of these customers would surely stay at a new hotel on site.


3.) Retail Synergy will Enhance Guest Experience: In addition, 5 retail outparcels that are currently under development ensure that hotel guests will have a variety of dining options upon completion.


4.) Minutes from the Busiest Airport on The Planet: The property is less than 5 minutes from Hartsfield-Jackson's domestic terminal, with 104,000,000+ flights in 2023

Attributes

Land area gross
1.5 ha
Investment strategy
Opportunistic
Zoning
C2

Contact brokers

WallyPark (Hotel Outparcel) (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
16 Aug 2024