20 Nov 2024

WOODVALE ACQUIRES FAIRFIELD INN & SUITES ATLANTA BUFORD MALL OF GEORGIA FROM HOTEL EQUITIES IN TRANSACTION BROKERED BY HUNTER HOTEL ADVISORS

Hunter Hotel Advisors (“HUNTER”) today announced the successful sale of the Fairfield Inn & Suites Atlanta Buford Mall of Georgia. Woodvale acquired the property from Hotel Equities on November 1, 2024. HUNTER’s Chief Operating Officer, Lee Hunter, and Senior Vice President, David Perrin, facilitated the transaction.

The Fairfield Inn & Suites Atlanta Buford Mall of Georgia is located just off Interstate 85, north of Atlanta, offering convenient access to major attractions and key destinations throughout the metro area. Guests enjoy proximity to Mall of Georgia, Lake Lanier and The Exchange @ Gwinnett, a vibrant new mixed-use development with a dynamic blend of retail, dining, entertainment and residential offerings.

“Our acquisition of the Fairfield Inn and Suites Atlanta Buford represents our commitment to adding high-quality, strategically positioned assets to our portfolio,” said Bashir Mansour, vice president of investments for Woodvale. “We expect that this acquisition will deliver strong returns for our investors while benefiting Mall of Georgia’s evolving hospitality segment.”

The 96-room hotel features multifunctional guestrooms designed for all types of travelers. Guests have access to a 24/7 fitness center, versatile meeting spaces and an indoor pool. The new owner plans a full renovation of all guest rooms and public spaces.

“The Fairfield Inn & Suites Atlanta Buford Mall of Georgia has been a top performer in the Hotel Equities portfolio for the past 9 years,” said Fred Cerrone, former co-owner of the hotel and founder of Hotel Equities. “While we’re sad to see it leave, we’re equally proud to see its continued potential recognized by Woodvale. We sincerely appreciate the exceptional work by Hunter Hotel Advisors in brokering this successful transaction and ensuring a seamless process for all involved.”