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Midtown Hotel Sale Underscores Atlanta’s Long-Term Draw as Travel Destination
Colliers recently closed the sale of the Embassy Suites Atlantic Station in Midtown Atlanta. The hotel’s 181 suite-style rooms and amenities were purchased by a New York-based owner for an undisclosed sum. Colliers US Hotels Group SVP Helen Zaver represented seller.
“This sale reassures us that Atlanta is and will continue to be a top market for corporate and leisure demand,” said Zaver. “Although large-scale corporate travel is still on hold, investors still have their eye on premium branded assets in markets with high barriers to entry, firmly believing that there is a long-term benefit with these locations and brands such as Embassy by Hilton.”
The hotel opened this past June. In addition to suites, a fitness center, pool, business center and meeting space, the property houses a restaurant called Brickstones Kitchen and Bar as well as an onsite parking deck.
- ◦Sale/Acquisition
