Joint venture partners Hotel Development Partners and Alex Brown Realty kicked off the construction of Alpharetta, Ga.'s new Courtyard hotel. Hotel Equities will manage the Courtyard by Marriott Alpharetta, Georgia, which is set for a late-2018 opening.
The four-story hotel will consist of 115 guestrooms and will be across the street from the Avalon Mall, which is part of a mixed-use development, placing the Courtyard near retail and dining facilities.
Atlanta-based hotel investment and development firm HDP owns 13 open and operating hotels. The firm's portfolio includes the 175-room Residence Inn by Marriott Miami Beach Surfside, Fla.; the 132-room Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody, Ga.; the 102-room Fairfield Inn & Suites by Marriott Charleston North, S.C.; and the 127-room Residence Inn by Marriott Atlanta Perimeter Center Dunwoody, Ga.
Meanwhile, Atlanta-based hotel owner, manager and developer Hotel Equities, which was founded by its chairman Frederick W. Cerrone, operates more than 100 hotels. The Hampton Inn & Suites, the Residence Inn and the Fairfield Inn & Suites in Atlanta Perimeter are also managed by HE as part of the groups' JV. The newest of the three is the 127-suite Residence Inn Marriott Atlanta Perimeter Center, which is near SunTrust Park, downtown Atlanta, Mercedes Benz Stadium, Perimeter Mall and various dining options.