Stone Mountain, GA – Edgecap Partners LLC, an affiliate of Edgewater Group LLC (“Edgewater”), is pleased to announce the acquisition of the Hampton Inn Atlanta/Stone Mountain, GA, by SM Investors LLC, a subsidiary of Edgewater Valley Forge Fund LP. The property is situated off Highway 78, centrally located between I-285 and Stone Mountain Park. Accommodations include 112 guest rooms, over 1,000 square feet of meeting space, an outdoor pool, fitness center and free hot breakfast. Within the next twelve months, plans are in place to significantly upgrade the property to comply with brand standards and provide the highest level of guest experience. The renovation will include an oversized fitness center, expanded and open air breakfast and pool area, updated roof design and improved lighting throughout.
The property was acquired for $5 million. Financing was provided by Key Bank. Debt placement was arranged by Alison Williams, Vice President of Walker & Dunlop.
Founded in 2008, Edgewater is a boutique multidisciplinary real estate Firm that provides distressed advisory, management and value-add investment services. Edgewater’s unique focus is on the micro and middle market segments in secondary and tertiary locations in the United States