ATLANTA: Ponce De Leon Hotel Nearing Sale

Atlanta's historic Ponce de Leon Hotel is about to be sold. (If the negotiations aged the brokers several years, we know a guy who has a Fountain of Youth.) Franklin Street's Jake Reid—here with Danny York at lunch with our Atlanta reporter recently—tells us he has the 17k SF hotel under contract with undisclosed investors. The sellers are a long-time family ownership. Jake and Danny also say they're seeing an influx of foreign money coming into Atlanta via California and South Florida.

Continue reading this story with a free account

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

Brookfield Veteran Departs To Become Pretium's Global Real Estate Lead

Lenders Accuse Nord Group Entities Of Pocketing Rents, Faking Insurance As Multifamily Empire Crumbles

Willy Walker On The Risks And Sacrifices Behind Walker & Dunlop's Growth

Howard Hughes Texas President Jim Carman To Step Down

Apartment Rent Declines Slowing, Demand Rising As Renter Pool Expands

Prologis Warns Higher Borrowing Costs Will Slow Industrial Deals, Development

After Rig Collapse, Citadel HQ Project Resumes With Safety Protocol Update

Swedish Real Estate Giant To Buy Stockbridge For Up To $550M

Space Race: How The Private Sector's Orbital Aspirations Are Driving CRE On Earth

Regulators Reject Proposed Rules For Data Centers On Nation's Largest Grid

Brookdale Senior Living To Buy 30 Communities It Operates From Welltower For $290M

Brookfield-Backed Castlelake Dives Into CRE CLO Market With $1.1B Deal