Partners Capital bought the Courtyard by Marriott Atlanta Buckhead for $24.25 million. The 181-room hotel is off Peachtree Road in the central business district. The seller was RLJ Lodging Trust. The Buckhead Courtyard, built in 1996, has about 1,500 square feet of meeting space and was recently renovated.
The Atlanta Business Chronicle reports Partners is building a portfolio of hotels in top Sunbelt markets through its Hospitality Fund 1, which launched in June 2023. The Buckhead Courtyard was its second acquisition, following the purchase of a Hilton Garden Inn in Austin, Texas.
Partners Capital’s current portfolio includes more than 1.4 million square feet of properties in Texas and across the Southeast. The company’s website says the company has completed more than $600 million in transactions through multiple investment funds over the past eight years.
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