3103 Lawrenceville Suwanee Rd, Suwanee, GA 30024

Property:Coldwell Banker Commercial Metro Brokers is proud to offer this almost 70% newly remodeled 108 AC roomed Hotel (Excellent Redevelopment Opportunity) located just off of Interstate 85. The Hotel is currently operating without any franchise license agreement. The current (The investment company) owner is still under the remolding process and shall be completed in a few months. Also, the existing 3,000+/- Sq/ft fully equipped restaurant is a part of the sale and can be rented out for fixed cash flow. As per Fletcher & Company (real estate appraiser), September 23, 2010, the final estimated appraised value was $2,270,000. The Gwinnett county assessment value for the year of 2011 was around $2,700,000. Approximate Nightly Rates starting at: $29.99. The Current Room Revenue: $45,000/Month (owner to prove)Approximate Nightly Rates starting at: $29.99.Current Room Revenue: $45,000/Month (owner to prove)Description of PropertyHotel is located in a very safe area close to Interstate 85, walking distance to go shopping, Wal-Mart, Lowes and a variety of fast food restaurants, and one exit south we have the Discover Mall, a one floor mall, Gwinnett Arena, and from the other side, one exit north, Georgia Mall (the largest mall in Georgia) Gwinnett Braves Baseball Stadium. The Location is also just a few miles from the Lake Lanier Recreational Park with a beach, a few miles from the mountains where is Helen - a small German Town.