Business: Country Inn and Suites on the market for $4.5 million, third hotel in last six months for sale along Hwy. 411.

Business: Country Inn and Suites on the market for $4.5 million, third hotel in last six months for sale along Hwy. 411.

Country Inn & Suites at 15 Hobson Way off Hwy. 411 in Rome is on the market. (Loopnet photo)

 

Another East Rome hotel is on the market. Country Inn and Suites, located at 15 Hobson Way off Hwy. 411, with 60 rooms is listed at $4.5 million, according to the commercial real estate site LoopNet.  The notice comes five months after the 46-room LaQuinta Inn & Suites, at 15 Chateau Drive, was listed at $2.65 million. The 67-room Quality Inn at 40 Grace Drive,  just off U.S. 411 near Riverside Toyota, was also previously listed, but is now off the market. (LoopNet / archive).

According to Floyd County property tax records, the hotel is owned by Anil Patel with Jai Laxmi Ma Lodging Inc. His family also owns the Holiday Inn Express at 35 Hobson Way, which is adjacent to the Country Inn & Suites. We reached out to Patel and Sarah Cargle, hotel general manager, on Saturday, but messages were not returned as of Saturday evening.

Listing highlights: “Easy To Manage 60 Rooms Beautiful Hotel  The Hotel has been recently renovated with significant Capex Improvement. Great Cash Flow. The hotel provides easy access to local points of interests, businesses and demand generators. Convenient location for Business travelers and families visiting Rome, GA and Berry College. Excellent Location. Just 1 hour away from Atlanta ,Georgia.Offers easy access east to I-75 and west to I-59.” It lists an occupancy rate of 65%. Complete listing on LoopNet. The broker is Raiyan Rab at 404-398-2090.

Market highlights: Courtyard by Marriott is due on West Third Street in downtown Rome and, for the first time in the projects more than five-year history, we can report very significant progress (100-plus rooms). Also due on the other side of the Oostanaula River — an addition to Hawthorn Suites (35 rooms) There is on-again, off-again talk of a boutique hotel in downtown on Broad Street. Plus recent openings include Hampton Inn & Suites off Turner McCall at West First Street (90 rooms). One more: Talk continues about at least one hotel near the Rome Tennis Center at Berry College.  

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