Ashford Hospitality Trust has sold three metro Atlanta hotels. Baywood Hotels acquired the Hampton Inn Lawrenceville and Pulse Hotel Group acquiring the Fairfield Inn & Suites and SpringHill Suites Atlanta Kennesaw. Other terms were not disclosed. The three-property transaction was arranged by Hunter Hotel Advisors' SVP David Perrin who represented the seller.
The 85-key Hampton Inn Lawrenceville is 30 minutes north of Atlanta on State Route 316 and Interstate 85. The hotel is within Gwinnett’s hub of numerous manufacturing and distribution facilities for Publix, McKesson and Amazon. The hotel sits directly adjacent to Northside Hospital Gwinnett, which is currently undergoing a $400 million expansion scheduled for completion in 2025.
The 86-key Fairfield Inn and Suites and 90-key SpringHill Suites Atlanta Kennesaw are located less than a mile from one another and benefit from the same demand generators spanning education, leisure and logistics. The hotels are within walking distance to Kennesaw State University which enrolls over 41,000 students, making it one of the largest universities in Georgia.