Six Major Atlanta Hotels Hit the Market

Wanna own a hotel? Chances are there's one in Atlanta for sale as a slew of high-profile accommodations hit the block.

Major Hotel Brands Have Witnessed How Conversions Are The Crucial Factor Driving Growth During The Pandemic. Lenders Have Held Back Financing New Properties After Covid Emerged.

The list of Atlanta hotels up for grabs includes the 1,200-room Hilton Atlanta, which could command up to $200M. The hotel is being marketed by Plasencia Group for the owner, a JV between Westmont Hospitality and Ivanhoe Cambridge, reports Real Estate Alert. Other hotels on the market: two W Hotels, the W Atlanta-Midtown, owned in a JV between AEW Capital and Noble Investment, and W Atlanta-Downtown, a 237-room hotel that also has condos and is owned by Square Mile Capital.

And you can add Novare to that list of sellers. The multifamily developer, headed by Jim Borders (here), has also put the 102-room Twelve Hotel Centennial Park and the 101-room Twelve Hotel Atlantic Station on the market with Hodges Ward Elliott. And finally, Real Estate Alert reports there's an unidentified buyer under contract with Renaissance Concourse Atlanta Airport Hotel, a 387-room full-service hotel near the airport owned in a JV between Clearview Hotel Capital and Oaktree Capital. The price is reported to be some $53M, or $137k/room, with Eastdil marketing. [REAlert]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

JLL Nearly Doubles Profits, Fueled By Leasing Rebound

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Newmark Posts Record Q2 Revenue, Holds Guidance Flat

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Fed Holds Rates In Split Decision As Iran War Hampers Inflation Fight

Hilton's Q2 Results Barely Beat Wall Street's Expectations

Allow Fortress To Reintroduce Itself: The Distress Specialist Is Expanding Its Game

'WeWork 2.0': Booming AI Startups Concern Some Data Center Execs