JLL arranges sale of the Hilton Atlanta

Hatlanta

On behalf of Ivanhoe Cambridge, JLL’s Hotels & Hospitality experts announced the firm has arranged the sale of the Hilton Atlanta, a 1,242-room convention hotel located in downtown Atlanta. A major U.S institutional real estate investor purchased the property. JLL also secured acquisition financing with Starwood Property Trust providing the loan.

Managing Director Robert Webster, Executive Vice President Tim Southard and Vice President John Harper led the JLL team on the transaction while Executive Vice President Bill Grice led the financing effort.

“Atlanta’s strong macro-economic fundamentals are driving revenue per available room (RevPAR) growth that is outpacing the national average and attracting institutional investors to the market,” said Webster. “The Hilton Atlanta is well positioned to benefit from these trends.”

Added Grice, “Atlanta’s positive supply/demand fundamentals, the city’s growing notoriety as a top corporate hub, combined with the quality of the hotel and world-class sponsorship made this opportunity very compelling to lenders.”

The 30-story Hilton Atlanta Downtown is located near 35 million square feet of office space, Hartsfield-Jackson International Airport, universities, sports arenas and recreational attractions. The hotel features 136,000 square feet of meeting space and five food and beverage outlets, including the award winning Nikolai’s Roof and Trader Vic’s.

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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.