The closing of the Holiday Inn Express Atlanta Airport has been announced by Molinaro Koger (MK), which they facilitated on behalf of an undisclosed client. The 160-room property was acquired by Kelco/RG Capital, LLC. The hotel will remain a Holiday Inn Express following the sale and will be managed by Kelco Management.

“I am pleased to have sourced for our client a highly qualified purchaser capable of assessing this acquisition opportunity and moving forward decisively,” commented Andy Kern, Senior Vice President of MK’s Washington, DC office who brought the hotel to market and facilitated the bidding process. Mr. Kern structured the transaction with Barry Swanson, Managing Director, of MK’s Atlanta office.

“The Holiday Inn Express Atlanta Airport is well positioned to continue with outstanding performance and long- term growth. The property is conveniently located adjacent to Hartsfield Jackson International Airport, the busiest airport in the world, proximate to Interstate 85 which traverses the southeast and convenient to most areas within the Atlanta MSA,” commented Mr. Swanson.

“We received a tremendous amount of interest in this offering. Based on the growth in the Atlanta market, the positive attributes of this property and previous accomplishments of Kelco, I anticipate continued success for this hotel and its new owner,” concluded Mr. Kern.

The sale of the Holiday Inn Express Atlanta Airport is MK’s second hotel transaction in the Atlanta market in the past month.