Hyatt Centric Buckhead Atlanta secures refi

JLL Capital Markets has arranged financing for the 218-key Hyatt Centric Buckhead Atlanta.

JLL represented the borrower, a joint venture between Songy Highroads LLC and an affiliate of Hyatt Hotels Corporation, in securing the loan from a global bank.

The 18-story hotel opened in 2021 and features food and beverage options including Three Arches restaurant adjacent to the hotel’s ground floor lobby and Spaceman, a rooftop bar experience with panoramic views of the Atlanta skyline. Additional hotel amenities include a fitness center, pool and more than 5,000 sq. ft. of flexible meeting and event space.

“Our collaboration with Hyatt has been a success in delivering new hotels in desired submarkets,” said Todd Nocerini, president, Songy Highroads LLC. “This Hyatt Centric hotel is ideally situated in the heart of Buckhead, offering demand drivers and amenities attractive to local, national and international travelers alike.”

The JLL Capital Markets team was led by Senior Managing Director Ed Coco and Managing Director Matt Casey.

“Higher quality hotel assets continue to perform and demonstrate liquidity in today’s market,” said Coco. “The combination of a high-quality property and well-capitalized, institutional ownership was instrumental in successfully executing on this refinance.”