Perkins Coie negotiates $57M financing for Atlanta Marriott

A guestroom in the Atlanta Marriott Perimeter Center. Photo credit: Marriott International

Perkins Coie represented Integrated Capital, a private real estate advisory and investment firm, in the negotiation of a $57 million refinancing loan for the Atlanta Marriott Perimeter Center hotel.

The Atlanta Marriott Perimeter Center is located in Atlanta near Dunwoody. The hotel is nearing the completion of a nine-month, $14 million renovation that will update the hotel's 18,000 square feet of meeting space, incorporate exterior cosmetic changes and make improvements to all 344 guestrooms.

The funds, provided by Aareal Bank, will be used to pay off an existing loan for the renovation, which was originated by Emigrant Bank.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Led by Perkins Coie's Chicago partner, Daniel Marre, the Perkins Coie team also included partners Jaclyn McNally and Edward Wicks.

Perkins Coie is an international law firm with more than 1,000 lawyers in offices across the United States, Beijing, Shanghai and Taipei.

Suggested Articles

During the final day of AAHOA’s online conference, several owners gathered to discuss how their properties are handling the crisis. 

The dual-brand development is located on the Tempe campus of Arizona State University near athletic facilities and the planned multi-sports arena.

Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively.