Falak Properties buys the Sleep Inn & Suites Valdosta, Ga., for $5.2 million from 1031 Specialists Processor. DSH Hotel Advisors' Managing Principal Dennis Hopper and Randy B. Taylor, senior vice president, investments, arranged the sale of the recently renovated 71-room, three-story hotel.
As the exclusive broker, DSH Hotel Advisors generated significant nationwide investor interest, securing more than 120 signed Confidentiality Agreements and five competitive offers. The transaction ultimately closed at $5,200,000, driven by the property's improvements, strong strategic positioning, and the firm's targeted national marketing campaign.
"This is a great example of a well-located, renovated hotel attracting strong demand," Hopper said in a statement. "Our team executed a focused marketing process that delivered exceptional exposure and a smooth, successful transaction for the seller."
The Sleep Inn & Suites Valdosta is a 71-room, three-story interior corridor hotel ideally located off Interstate 75 in Valdosta, Ga. The property benefits from high visibility, easy highway access, and proximity to key demand drivers such as Wild Adventures Theme Park and Valdosta State University.
Recently renovated with upgrades including, new guestroom and hallway carpeting, lobby seating, bathroom tiling, and A/C units, the hotel presents an attractive turnkey or conversion opportunity below replacement cost.