The 242-room Hilton Garden Inn was made possible by the expiration of a 30-year restriction on the opening of a Hilton Hotel within a 10-mile radius of the Hilton Atlanta Hotel & Towers at 255 Courtland St. With the lifting of the ban, more Hilton Hotels are expected to be built in the future. "We have a very good relationship with Hilton and may do more projects with them in the future," Legacy founder and president David Marvin tells GlobeSt.com.

In addition to the hotel, the project will include 50,000 sf of restaurant and retail space and a 670-space parking garage. The hotel is set to open in November 2007. Marvin tells GlobeSt.com that the project will be located across the street from the entrance to Georgia Aquarium, which opened last November and had two million visitors in the first six months of operations. The expanded New World of Coca-Cola is expected to open in 2007. "All of the uses in Park Pavilion are very much needed in Dowtown Atlanta because of the new level of tourism," he says.

In the past eight years, Legacy has completed five projects in the Downtown area, including the 321-room Embassy Suites Hotel Atlanta at Centennial Olympic Park, the 110-room Glenn Hotel and Centennial Park West condominiums. The company also purchased the 225-room Palms Hotel, which it plans to begin renovating in 2007. "Park Pavilion will be our biggest project Downtown," Marvin says.

Continue Reading for Free

Register and gain access to:

  • 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.