Airport hotel acquisitions often hide split tax parcels, mismatched building eras, and aging site improvements behind one flag name. During August 2010 underwriting for a Ramada hotel in Atlanta, Georgia, Fulton County tax and assessment records were audited across two adjoining commercial tracts before committing renovation capital.
Two Parcels Under One Operation
Assessor property cards showed the airport lodging asset actually operated across two separate legal parcels totaling 7.37 acres on full public utilities:
- Primary lodging parcel: 5.03 acres carrying a 1965 structure with 87,847 square feet under roof classified under luxury budget motel use, supported by 110,000 square feet of commercial paving, a 4,400-square-foot pool footprint, and secondary canopy structures.
- Secondary wing parcel: 2.34 acres carrying a 1970 economy motel building adding 33,109 square feet under roof alongside 40,000 square feet of paved parking.
Assessment History and Pre-Close Baseline
Reviewing deed transfer timelines from 1997, 2006, and 2009 alongside multi-year county valuation rolls established how the 120,956 combined square feet of buildings and 150,000 square feet of paving carried property tax load prior to acquisition. Separating older 1965 core structures from the 1970 expansion kept capital reserve planning grounded in actual building vintage across Fulton County.
