Certares Management, in partnership with Highlands Investments and Monomoy Property Ventures, has acquired the 181-room, new-build Embassy Suites Atlanta Midtown in Midtown Atlanta.
The deal also included the acquisition of an adjacent land parcel and an income-producing parking component. HEI Hotels & Resorts has been selected to operate the property.
The all-suites property has a lobby bar, a restaurant, a fitness area and pool along with 2,600 square feet of meeting space. The rooms average approximately 500 square feet, and each has a private kitchenette and separate living room area.
Located in the Atlantic Station area of Midtown, the hotel is adjacent to Microsoft’s new eastern U.S. headquarters and near Georgia Tech’s main Atlanta campus.
“Midtown Atlanta is the city’s preeminent submarket for technology and healthcare talent recruitment and is seeing an array of corporate relocations and expansions,” said Nolan Hecht, senior managing director and head of real estate at Certares. “We look forward to working closely with Highlands, MPV and HEI to ensure the property delivers a great experience to its guests.”