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Rendering of the Fairfield Inn & Suites Alpharetta Avalon Area
CBRE Hotels, as sole and exclusive agent for ownership, has been retained to offer for sale the fee-simple interest in the 166-room Fairfield Inn & Suites Alpharetta Avalon Area. Currently under construction and projected to open during the first quarter of 2024, the Hotel is located just minutes from one of the Southeast’s most successful mixed-use developments and is poised to benefit from proximity to a compelling array of growing demand generators paired with favorable demographic tailwinds within Atlanta’s most coveted northern suburb. Offered at certificate of occupancy, this opportunity presents new ownership the ability to acquire a newly-built, institutional-quality property at a discount to current replacement cost.
Proximity to the Avalon Mixed-Use Development
​​​​​​​The Fairfield Inn & Suites is less than a two-minute car ride and a 10-minute walk from one of the country's most successful mixed-used developments, Avalon. The 86-acre complex's concept has been internationally recognized as the blueprint for a successful mixed-use development and is widely replicated throughout the country due to the immediate social and economic impact the complex continues to have on the city of Alpharetta. The complex features more than 500,000 square feet of luxury and high-end retail, a 12-screen theater, single-family residences and luxury apartment homes, over 750,000 square feet of class-A office space, and a 44,000 square foot conference center.
Preferred Location in High-Growth Corridor
Plethora of New Demand Generators
The Georgia 400 corridor is among the fastest growing corridors in the Southeast, with new and proposed mixed-use centers catering to high-end retail, commercial and residential demand. The corridor's excellent connectivity, both locally and to the Atlanta CBD, makes it an attractive location for businesses and residents, as evidenced by strong leasing velocity throughout the area.
The Avalon: One of the Southeast's premier mixed-use developments. Developed by North American Properties between 2014 and 2016, the sale of Phase I and II set pricing records in the Atlanta MetroThe Halcyon: A $500 million development opened in 2019 spanning 135 acres and featuring high-end dining, boutique retailers, 480,000 square feet of fully leased Class A office space and 690 residential units. ​​​​​​​The Gathering at South Forsyth: Proposed world-class entertainment hub anchored by 750k SF arena. It is speculated the arena will not only host top-tier events, but will be home to the NHL, bringing the league back to Atlanta
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