ACQUISITION | DECEMBER 2007
11-story, 220-key Springhill Suites is located in the premier Buckhead neighborhood, just north of Downtown Atlanta.
This urban, select service hotel offers a vibrant lobby, breakfast dining space, 24-hour market pantry, fitness center, indoor pool, business center, 2,333 square feet of upscale meeting space, and 3-levels of below-grade parking with 126 spaces.
Property is managed by Marriott International, Inc., which through the brand’s worldwide distribution platform, sales system, and rewards network has added significant value, reduced costs, and improved overall efficiencies.
The hotel guestroom mix is comprised of 68% (150 rooms) Single King guest suites and 32% (70 rooms) Double Queens. The property offers a steady cash flow yield to investors.
Northridge Capital is dedicated to providing a high level of personalized service for its investors. Northridge works mainly with overseas institutional and individual investors, especially those from the Middle East, to successfully define and implement customized strategies for investing in US commercial real estate.