Highline Hospitality Partners purchased the 510-room Hilton Atlanta Airport for $111.3 million. Wheelock Street Capital was the seller. The Atlanta Business Chronicle reports that Wheelock Street Capital paid $101 million for the hotel in 2019. As part of the latest transaction, Highline secured a nearly $67 million loan from Equitable Financial Life Insurance Co.
The hotel, on 10 acres in Hapeville, features 40,000 square feet of meeting space, a full-service restaurant, two pools and an airport shuttle service.
Future renovations are expected to improve the hotel’s appeal among corporate groups and regular guests. Highline said it “plans to execute strategic renovations to the property in the near term, which it hopes will further enhance and solidify the hotel’s competitive positioning in the market.” HEI Hotels & Resorts will manage the hotel.
According to its website, this is Highline’s second property in Atlanta and its 15th hotel overall. The firm also owns the Sheraton Suites Galleria hotel in Cobb County through a partnership with Paceline Equity Partners.
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