Thursday June 5th, 2014 - 9:29AM
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.