ATLANTA, Georgia—JLL’s Resorts & Hospitality Group introduced that it organized the sale of the Home2 Suites by Hilton Avalon, situated in Alpharetta, Georgia. JLL labored on behalf of the vendor, Ram Resorts.
The 107-room resort, situated off State Route 400 and inside strolling distance of Avalon, a mixed-use improvement with over 570,000 sq. ft of retail house and 26 eating places, which has garnered curiosity from traders. The Home2 Suites’ location is in a excessive barrier-to-entry market, on condition that the town of Alpharetta now not permits the development of extended-stay or select-service properties.
The JLL Capital Markets group was led by Vice President Steve Leslie and Managing Director Chris Dewey.
The Home2 Suites by Hilton Avalon’s location additionally gives entry to a number of different developments within the space, such because the Northpoint Mall redevelopment, Continuum, Lakeview Park, and Northwinds Summit. These developments are anticipated to drive company and leisure demand, in addition to an inflow of residents into the town.
