McKibbon Equities has closed on the purchase of Courtyard by Marriott Atlanta Buford Mall of Georgia, located northwest of Atlanta.
The investment represents the second acquisition completed by McKibbon Income Fund I, a Tampa-based real estate investment fund focused on acquiring existing select-service and extended-stay hotels.
It made its first acquisition in August 2023, with Hampton Inn & Suites Clearwater/St. Petersburg-Ulmerton Road.
Synovus Bank provided debt financing for the transaction. The seller was represented by David Perrin of Hunter Hotel Advisors.
McKibbon owns and operates 19 owned hotels with another two actively under construction, as well as nine independent food & beverage concepts. McKibbon Hospitality operates more than 100 total hotels in its ever-growing, third-party management portfolio.