Kim King Associates president Beau King tells GlobeSt.com that boutique nature of the hotel is unique for Atlanta. "Atlanta doesn't have anything like this," he says.
King adds that the hotel is located in the center of Midtown near the entrance to Georgia Tech and will attract both business and leisure travelers. "Midtown has seen a tremendous amount of activity recently, but hasn't seen any hotel activity," he says.
The development partnership includes Ross-Patterson, a locally based hospitality consulting firm controlled by Butch Ross, of Barry Hotel Partners, and Chip Morgan Patterson, owner of Ameripark. Ross-Patterson helped to secure Kimpton Hotels & Restaurants as the operating partner as well as structure the transaction.
"With all the retail, residential and office development in the area, the timing was right to introduce this product," Ross says. "This is a unique development opportunity for Atlanta. The boutique hotel industry is prevalent in New York, California and Boston, but not in Atlanta."
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
