Now that market has hit a wall, with local hotel occupancyhitting a historic low of 53% last year, declining room rates andhigh-end hotels struggling to fill rooms. Experts say Loews will bethe last of the new luxury properties to hit the market for sometime to come.


The 414-room Loews started three years ago when the Midtownlocation was conceived. Many of the city's high-end hotel projectsincluded condos, and that market is in even worse shape now.


To read more from the Atlanta Journal-Constitution, clickhere.

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