NEW YORK CITY—JLL’s Accommodations & Hospitality Group introduced it has organized refinancing for The Candler Lodge, a 265-key boutique property operated below Hilton’s Curio Assortment model in downtown Atlanta’s central enterprise district, via the Peachtree Group.
The Candler Lodge occupies a 17-story constructing, which was initially constructed in 1904 by former Atlanta Mayor Asa Griggs Candler. Listed on the Nationwide Register of Historic Locations, the landmark construction served as the unique headquarters for Central Financial institution and Belief and stood as Atlanta’s tallest constructing for 23 years following its improvement.
Thornhill Firms accomplished the transformation of the property in 2019, changing the workplace constructing right into a luxurious resort whereas preserving authentic architectural options, together with the marble foyer with genuine Tiffany rose home windows, mosaic flooring, and terra cotta exterior detailing.
The resort’s location gives proximity to Atlanta’s key demand turbines, together with 17.3 million sq. toes of Class A workplace area inside one mile, the Georgia World Congress Heart, Mercedes-Benz Stadium, World of Coke, Aquarium, Heart for Civil and Human Rights, State Farm Area, AmericasMart Atlanta, and is a brief drive to the Hartsfield-Jackson Atlanta Worldwide Airport.
The JLL Accommodations & Hospitality group was led by Americas CEO Kevin Davis, Managing Director Mark Fisher, Director Connor Medzigian, and Analyst Pierce Rutledge.
“This financing displays robust lender confidence in each the Candler’s distinctive positioning as a boutique luxurious resort and Atlanta’s restoration trajectory as a number one conference vacation spot,” mentioned Davis. “The property’s proximity to main demand turbines, coupled with restricted new provide within the upper-upscale phase, creates compelling fundamentals for sustained progress.”
