ATLANTA-In an area of luxury and upscale chain hotels, a 30-something entrepreneur plans to build a boutique hotel to appeal to the under-40 business traveler looking for a hip, cosmopolitan place to stay with the latest high-tech amenities.

Buckhead, off Downtown, is known for its toney shops, upscale office buildings and luxury hotels. Now, Mark McClure wants to add a $20-million specialty hotel to the mix. The construction cost equates to $117,647 per room.

He plans to build a 12- to 15-story facility with 170 rooms on a one-acre piece of land on Pharr Road in the entertainment district of Buckhead. Currently on the property is Bell Bottoms, a night club.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.