Hotel brokerage and investment-banking firm Hodges Ward Elliot has arranged the sale of the 1,260-room Hyatt Regency Atlanta, one of the most recognized buildings in the Atlanta market. The sales price was reported at $355 million.

Opened in 1967, the hotel was designed by acclaimed architect John C. Portman, Jr. and was the first contemporary atrium-style hotel ever constructed. The property includes Georgia’s largest hotel ballroom, the 30,000-square-foot Centennial Ballroom, as well as 25,000 square feet of pre-function space and a 19,000-square-foot conference center. The property is known for the Polaris restaurant, which sits on top of the building in a circular blue dome. Hyatt Regency Atlanta will continue to be managed by Hyatt.

Mark Elliott, Pete Dannemiller, Jeff Berkman and Nate Ries represented the seller, an affiliate of Hyatt Hotels Corp., in the transaction. The buyer was not disclosed.

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