Monomoy Property Ventures and Axonic Capital have acquired 590 West Peachtree Avenue in Atlanta, planning a conversion to a Marriott resort by late 2027.
Monomoy Property Ventures and Axonic Capital introduced the acquisition of 590 West Peachtree Avenue in Atlanta. The property will bear a major renovation and conversion to function beneath the Marriott Lodges model. Schulte Hospitality Group has been appointed to handle the property.
The present facility consists of 462 guestrooms, with over 20% comprising suites geared up with kitchenettes. It additionally options greater than 30,000 sq. ft of assembly area. The renovation will embody upgrades to guestrooms, suites, and public areas, in addition to modernization of back-of-house programs to align with Marriott model requirements. Cooper Carry has been chosen because the architect for the mission.
Building is scheduled to start in late 2026, following the World Cup occasions in Atlanta, with a reopening deliberate for late 2027, forward of Tremendous Bowl LXII. The rebranded resort will be part of the Marriott Bonvoy loyalty program and can function new meals and beverage choices, a redesigned “M-Membership,” and up to date assembly and occasion areas.
Schulte Hospitality Group will instantly oversee operations and business technique for the property.