AUSTELL, GA-The Atlanta West Hotel will be sold via an auction. The 68-room hotel is located at 1100 N. Blairs Bridge Rd. Melville, NY-based Keen Consultants, the real estate division of KPMG Corporate Finance, has been hired to market and sell the hotel. Owner SDI Inc., based here, is in bankruptcy proceedings and the sale is subject to court approval, says Chris Mahoney, director of Keen Consultants.

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

“It is well-located,” Mahoney says. “It is in good condition,” he added saying that the property was constructed in 1995 and is not 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 currently being operated as an independent hotel but was previously a Best Western and, before that, a Hampton Inn. The estimated taxes for the property are $22,783. Proposals are due on Jan. 10 and the court will choose the winner of the “higher and better auction” on Jan. 15.

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

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