News

Star Metals Developer Joining Stormont Hospitality For New Hotel Development Arm

AMS Hospitality
Photo credit: Courtesy of AMS Hospitality
Stormont Hospitality Executive Vice President John Cooper And President Jim Stormont Along With Allen Morris Co. Chairman Allen Morris And Executive Vice President Spencer Morris.

The developer of the Star Metals project is joining forces with a hotel builder to develop and operate two boutique hotels in Atlanta.

Allen Morris Co. has formed a partnership with Stormont Hospitality Group to buy and develop hotels in the Southeast, it announced Tuesday. The venture, dubbed AMS Hospitality, has already targeted two local projects: a 176-room Star Metals Hotel that will deliver at the end of 2021 and the 205-room Midtown Union Hotel, which is part of MetLife Investment Management's Midtown Union mixed-use campus.

Florida-based Allen Morris will continue developing office, multifamily and mixed-use projects. Stormont and all its current employees will be rolled under the AMS umbrella. The new company is working on a pipeline of new hotel projects in Georgia, North Carolina and Florida, officials said in a release.

“Many of our mixed-use projects will be including hospitality aspects to them,” Allen Morris Co. Chairman Allen Morris told Bisnow. "That's why this is so important."

Allen Morris is underway in West Midtown with its Star Metals District project, a mixed-use development that will include a 262K SF office building anchored by coworking provider Spaces, a 409-unit apartment complex and 50K SF of retail on the ground floor of the office building. The hotel will rise next to the office building.

AMS' Midtown Union project will be next to MetLife's planned office tower that will be home to Invesco. Both hotels will be operated by independent hotel operators, but Morris did not say which ones.

Like many of the new hotels sprouting up, both of AMS' projects will be heavily focused on food and entertainment, Allen Morris Chief Operating Officer Peter DiCorpo said. DiCorpo said the Midtown Union hotel will be designed with themes related to the nearby High Museum of Art. The Star Metals Hotel will include a rooftop restaurant and a jazz club on the ground floor.

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

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

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

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

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Self-Storage Sector Bounces Back As Investors Move Past Market 'Trough'

1200 White St., Atlanta's Newest Creative Hub, Is Transforming The West End

The World Cup Filled Stadiums. Hotel Rooms Were A Different Story

Regent In Talks To Buy Tower Place 100: The Atlanta Deal Sheet

New Office Construction Is On Pause In Atlanta. Landlords Have A Chance To Fill Their Towers

John Malone-Backed MHL Makes Its Biggest Deal In 10 Years

Brookhaven Apartment Tower Sells For $101M As Investors Target Prime Atlanta Properties