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Atlanta & Southeast  + Hospitality  |  February 27, 2020
David Cohen
By: David Cohen

Trez Capital Provides $26M for Holiday Inn Express Downtown Atlanta

Canadian-based private real estate lender Trez Capital has provided a $25.5 million first mortgage for a local investment company to acquire and renovate the 173-room Holiday Inn Express hotel in downtown Atlanta. The sales price of the property was not disclosed.

Located at 111 Cone St. NW, the property was originally built in 1922 and last renovated in 2012. The property includes a small convenience store and a 5,000-square-foot-restaurant that is currently vacant. Hotel operations will continue during the renovations, which are slated to be completed in summer 2021.

The borrowers are HIE Development LLC and CG Management LLC. Brett Forman originated the loan on behalf of Trez Capital.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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