Elite Hotel Management Acquires Drury Inn in Norcross, GA
Thursday June 5th, 2014 - 9:29AM HEO
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NORCROSS, GA—Elite Hotel Management has purchased the Drury Inn and Suites Atlanta Northeast here in a deal brokered by Paramount Lodging Advisors (PLA).
Opened in 1997, the 136-room hotel was sold by St. Louis-based DDC Hotels, Inc., and is located some 10 miles north of the Buckhead District.
Commerce, GA-based Elite Hotel Management plans to rebrand the property as a Hampton Inn.
According to Joce Messinger of PLA, "Drury constructed an excellent product on the front-end, which made it an ideal candidate for reposition at sale. This hotel in particular had multiple rebranding options available, including Hampton Inn, so the buyer pool was very deep," he noted.
Tags: Paramount • Drury Inn • Elite Hotel Management • Hospitality • Acquisitions • Ownership • Management Companies •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.