Starwood Plans 38-Story, 225-Room Hotel-Condo Project

ATLANTA-Banking on a sharp improvement in the business travel market over the next five years, White Plains, NY-based Starwood Hotels and Resorts Worldwide plans to develop a 38-story, 225-room hotel and 120-unit condominium community on the site of the 40-year-old, 176-room Lenox Inn in the affluent Buckhead district, eight miles north of Downtown, according to preliminary plans filed with the city.

In December, the city’s zoning review board will consider the developer’s request to change the site’s 1985 zoning plan which calls for a hotel and offices totaling one million sf. If approved, Starwood also plans to add 180 condominium units on the 18 floors atop the hotel’s parking structure. Demolition of the Lenox Inn at 3387 Lenox Rd. NE is under way.

Starwood officials couldn’t be reached by GlobeSt.com’s publication deadline. But area hospitality industry brokers tell GlobeSt.com they estimate the development cost of the venture at $75 million.