ATLANTA--(BUSINESS WIRE)--Rockwood Real Estate Advisors’ hospitality team announced that it acted as the exclusive adviser on behalf of one of its institutional clients on the sale of the 136 room Red Roof Inn located in Atlanta (Smyrna), Georgia. The new purchaser, Varahi Hotels, plan to renovate the property and continue the Red Roof affiliation through a long-term franchise license.
About Rockwood Real Estate Advisors
Rockwood Real Estate Advisors is a full-service real estate investment banking firm offering a broad range of financial advisory and transactional services and business solutions for clients in the commercial real estate industry. The hospitality division has over 150 years of collective experience handling hotel dispositions, strategic portfolio and property planning, asset management, and debt/equity raising. Headquartered in New York City, Rockwood has offices throughout the country with the hospitality division located in Bethesda, New York City, Cincinnati, and Atlanta. For additional information, please visit www.rockwoodrea.com.