Waramaug Hospitality, a privately held investment firm focused on premium-branded select-service and full-service hotels, has acquired the Atlanta Marriott Peachtree Corners located northeast of Atlanta’s Interstate-285 beltway perimeter, within the high-growth corridor surrounding Peachtree Industrial Boulevard.
The 222-room property features a fitness center, indoor pool and outdoor fire pit seating area, as well as more than 5,000 sq. ft. of meeting space spread throughout nine rooms.
“The Atlanta Marriott Peachtree Corners is an exceptional asset with built-in demand generators,” said Ferit Ferhangil, principal, Waramaug Hospitality. “As the second full-service Marriott hotel and 16th Marriott-branded property in our portfolio, we see tremendous revenue growth opportunities for this asset in a thriving market. Our team will deploy sophisticated management and marketing systems to strengthen the asset and ensure the property outperforms its competitive set.”
The property, which will now be managed by Aimbridge Hospitality, is located within Technology Park, a regional technology and innovation hub home to numerous tech and life services firms, and the regional headquarters of Comcast, Crawford & Co. and Hapag-Lloyd. The 500-acre campus is home to more than 2,300 businesses ranging from tech startups to Fortune 500 companies.
