The estimated hard construction cost of the venture is $18 million. The hotel will have 5,000 sf of meeting space. The corporate nightly room rate in the metro Hilton Garden Inns is about $149.

Nobles' other area projects are the Comfort Inn, Hawthorne Suites, Hampton Inn and Homewood Suites.

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

Atlanta
Development
Hotels