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Atlanta Marriott Northwest at Galleria Lodge  Â
CBRE Accommodations affords on the market the fee-simple pursuits within the 400-room Atlanta Marriott Northwest at Galleria and the 147-room SpringHill Suites Atlanta Northwest. Situated within the coronary heart of Atlanta’s bustling I-75 / I-285 progress hall, the Accommodations profit from their proximity to town’s new burgeoning live-work-play vacation spot at The Battery, the MLB Atlanta Braves’ Truist Park, the Cobb Galleria / Performing Arts Heart, and 20 million sq. toes of workplace house which boasts the very best leasing velocity in all of Atlanta. Every Property options distinctive, unmatched attributes that present aggressive benefits such because the SpringHill’s new well-appointed guestrooms that includes the West Elm furnishings bundle, and the Marriott’s new state-of-the-art ballroom which affords among the greatest assembly and occasion house within the metropolis. This providing presents the distinctive alternative to amass institutional-quality, Marriott-branded belongings positioned in Atlanta’s premier and quickly increasing live-work-play vacation spot, at a compelling low cost to alternative value. Possession will take into account proposals for a portfolio and/or single-asset executions.
Funding Highlights
​​​​​​​Marriott: Distinctive Positioning with Important Worth-Add Alternative
The Atlanta Marriott Northwest at Galleria is without doubt one of the few premium full-service accommodations out there and the one core model Marriott alongside northern Atlanta’s I-75 hall. The current addition of a brand new, state-of-the-art, 11,000-square-foot Grand Ballroom equips the Marriott with among the greatest assembly and occasion house within the area, permitting the Lodge to seize important share of the market’s strong company and social group demand. The Lodge’s guestrooms are scheduled for a full cycle renovation, positioning the Marriott to understand important upside by way of high-impact, guest-facing rooms upgrades that complement the Lodge’s premier occasion house.
SpringHill: New Construct, Premium Marriott Choose-Service Product
Opened in August 2022, the SpringHill Suites Atlanta Northwest is without doubt one of the latest select-service merchandise out there, notably relative to its aggressive set’s 1998 common classic. Given its superior positioning, the SpringHill rapidly ramped post-opening, attaining circa $40k per room in whole income and 35% NOI margins in its first full yr of operations.
The Battery: Atlanta’s Pre-eminent Way of life Vacation spot
The Battery has categorically remodeled Cumberland/Galleria since its opening in 2017. Envisioned by the Atlanta Braves alongside industry-leading companions equivalent to The Cordish Firms, Comcast and Dwell Nation, The Battery is a famend sports activities and leisure venue that includes premier retail, eating, and leisure sights. The district rapidly attracted company curiosity post-opening, with TK Elevators and Papa John’s shifting their headquarters to the event. At this time, The Battery options 26 million sq. toes of Class A workplace house, 230,000 sq. toes of retail and eating house, over 500 residential items, is dwelling to 5 company headquarters, and hosts quite a few live shows and occasions at Truist Park and the Coca-Cola Roxy live performance venue.
Cumberland/Galleria Workplace Market Primed for Additional Development
The Cumberland/Galleria workplace submarket boasts one of many highest occupancy charges in Atlanta, at the moment 5 proportion factors greater than the MSA common. Furthermore, the submarket completed 2023 with 1.1 million sq. toes in new leasing, an 8.4% enchancment year-over-year and the very best of any submarket in Atlanta. The market’s present momentum and future deliberate exercise, equivalent to Truist Securities’ new headquarters at The Battery, level to Cumberland/Galleria’s continued outperformance over the near- and long-term.
Atlanta’s Development on the World Stage
Metro Atlanta accounts for roughly two-thirds of Georgia’s financial system, practically 60% of the state’s jobs, and 75% of its inhabitants progress. The town performs a big function within the nationwide and worldwide enterprise group largely as a consequence of its acclaimed greater training establishments, deep expertise pool, business-friendly setting, and strong infrastructure (dwelling to the world’s busiest airport). Because of this, town has turn out to be the headquarters location of quite a few Fortune 500 firms together with Dwelling Depot, United Parcel Service, Coca-Cola, Delta Air Strains, and The Southern Firm. Atlanta’s progress has garnered nationwide and worldwide consideration and pushed a strong citywide calendar, with upcoming high-profile occasions together with the 2025 MLB All-Star Recreation, 2025 Faculty Soccer Nationwide Championship (first repeat host metropolis), and the 2026 FIFA World Cup (eight matches in ATL).
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