ATLANTA-The Georgia Trust for Historic Preservation honored the two men who undertook the restoration of the historic 76-year-old Biltmore hotel in Midtown. The Chairman’s Award for Historic Preservation was given to James Borders, president of the Novare Group and Dallas Denny, his former partner.

The pair bought the neglected landmark for $10 million and renovated the hotel for use as office space. The 11-story, 380,000-sf hotel was built in 1924 for $6 million and was the top hotel in Atlanta until the 1960s. The hotel closed in 1982 after being bought three years earlier for $4.5 million by Rocco and Gordon Cappucitti of Ontario Potato Distributors in Toronto.

After its closing, the grande dame of Atlanta’s hotels sat neglected and inhabited by vagrants. The area surrounding the Biltmore was a collection of run-down buildings and lots for sale. Two major efforts in 1984 and again in the late 1980s to purchase and rehab the building fell through, and ownership reverted to the Cappucittis. Since the sale and renovation of the Biltmore, the entire surrounding area is undergoing redevelopment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.