The two-story hotel has approximately 28,820 sf on nearly 1.8acres in "a growing submarket of Atlanta," Mahoney says. The hotel,which has a swimming pool, is located off Interstate 20 near theSix Flag's Over Georgia Amusement Park and 12 miles from Atlanta.The parcel is also close to a new industrial corridordevelopment.

"It is well-located," Mahoney says. "It is in good condition,"he added saying that the property was constructed in 1995 and isnot in need of any major renovations. The room rates are currently$55 to $59, according to hotel personnel.SDI acquired the property"a couple of years ago," Mahoney says. The property is currentlybeing operated as an independent hotel but was previously a BestWestern and, before that, a Hampton Inn. The estimated taxes forthe property are $22,783. Proposals are due on Jan. 10 and thecourt will choose the winner of the "higher and better auction" onJan. 15.

Mahoney did not disclose an estimated sales price. Similarhotels in the area have sold recently for between $5 million and $6million. Fairfield Inn, an 81-unit hotel constructed in 1995 inLithia Springs, was acquired in August for $5.8 million by GoldmanSachs as part of a two-property portfolio, sources say. In TowneSuites, an 108-unit hotel constructed in Lithia Springs in 2000,was acquired in June by Westmont Hospitality Group forapproximately $5.5 million, sources say.