ATLANTA-Although Jones Lang LaSalle Hotels has been hired by Chicago-based Capri Capital Partners as the asset manager for the W Atlanta Hotel & Residences, the company doesn’t have any plans to make changes in how the property operates, says Justin Epps, vice president, Jones Lang LaSalle Hotels. Instead, it is charged with looking at the strategic, long-term picture for the property.

In addition, says Martin G. Alston, Capri Capital Partners' chief administrative officer, “We retained Jones Lang LaSalle to assist in the transition from the Barry Real Estate Co. to Capri." In April, Capri, as manager of a co-mingled fund of institutional investors, assumed primary ownership of the 28-story, mixed-use hotel and condo property when they converted their mezzanine loan into an equity interest. The Barry Real Estate Companies developed the W Atlanta Hotel & Residences.

“We are doing an initial assessment of (the W), including the 75 condominiums associated with it,” says Epps. “To date, only one of the condominiums has sold, but we will be working with the current brokerage firm, Atlanta Fine Homes, to get those condos back on track.”

Recommended For You

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

© 2025 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.