The landmark 73-year-old Days Inn property on Peachtree Street, across from the Fox Theatre in Midtown, has been sold to a partnership comprised of Atlanta-based Crow Hospitality Investment Group LLC; preservation architect Larry Evans of New Place Cos., Brunswick, GA; and Dallas-based Foresthills Hotels and Resorts.

The contracted price was not disclosed but the asking price is $7.5 million or $53,571 per room. The deal will close in October. The new asset will be called The Carlton, its original 1927 name.

The new owners plan to sink $22 million into a renovation that includes converting the hotel’s 140 rooms into 90 large suites. Rooms will go for $250 per day and up. The top three floors will become condos from 1200 sf to 3000 sf. The renovation is expected to be completed in June 2001

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