Wednesday, January 3, 2024

Satori Collective Completes Atlanta Area Sale of 124-Suite Holiday Inn Express & Suites Alpharetta-Windward Parkway

 

Holiday Inn Express & Suites Alpharetta-Windward Parkway, 
12505 Innovation Way,  Alpharetta, GA


 ATLANTA, GA —Officials of Satori Collective, a real estate investment management firm focused primarily on hotel property investment, announced the sale of the 124-suite Holiday Inn Express & Suites Alpharetta-Windward Parkway to Bukhari Group Hospitality.  Satori achieved an approximate 24% internal rate of return and a 2x equity multiple through the sale.

 

The price was not disclosed.


Samir Yajnik
“We purchased this all-suite property in 2013 and quickly conducted a comprehensive, multi-million dollar, value-add renovation to re-flag the property to a Holiday Inn Express & Suites by IHG,” said Samir Yajnik, CIO, Satori Collective. 

 “Through the past ten years, we have maintained our vision and were rewarded by unlocking the hotel’s financial potential.

 "Our original underwriting and research proved true given the upside realized by the improved brand quality and the hotel’s unmatched location in the thriving Alpharetta market. 

 "We are proud to have successfully executed our value-add strategy with this investment to generate above market returns for our investors given the challenging capital markets environment at present.”

Located at 12505 Innovation Way, the all-suite hotel is ideally situated in the Alpharetta business corridor surrounded by such companies as Fiserv, Hewlett Packard and ADP, as well as Ameris Bank Amphitheatre and Avalon. 


Andy Chopra

Hotel amenities include an outdoor pool, business center, 24/7 fitness room and meeting space for up to 40 people. 

 “At present, we are diligently pursuing opportunistic and value-add acquisition opportunities,” said Andy Chopra, co-founder and managing partner, Satori Collective. 

 “With an eye toward continued future growth, we continuously review our portfolio for opportunities to monetize assets for our investors.”

 

 CONTACT:

  

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

  

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