[New post] Schulte Hospitality Pays $160Mln for Atlanta Hotel

Dan Moynihan posted: "Atlanta Business Chronicle Schulte Hospitality Group has acquired The W Atlanta-Midtown, a 433-room hotel in Atlanta for $160 million, or about $369,515/room. The Louisville, Ky., hospitality company bought the property, at 188 14th St., from Gem Realt" New post on Commercial Real Estate Direct Schulte Hospitality Pays $160Mln for Atlanta Hotel by Dan Moynihan Atlanta Business Chronicle Schulte Hospitality Group has acquired The W Atlanta-Midtown, a 433-room hotel in Atlanta for $160 million, or about $369,515/room. The Louisville, Ky., hospitality company bought the property, at 188 14th St., from Gem Realty Capital. KKR & Co. Inc. provided Schulte with a $119 million loan, with a three-year term, to facilitate […] Read more of this post Dan Moynihan | August 9, 2021 at 5:31 pm | Categories: General News, Southeast | URL: https://wp.me/pcdE10-2ihA Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/08/09/schulte-hospitality-pays-160mln-for-atlanta-hotel/