Thursday, January 17, 2013

Atlanta Marriott Marquis Sells for $293 Million




National Commercial Real Estate News From CoStar Group





Atlanta Marriott Marquis Sells for $293 Million



The Atlanta Marriott Marquis in downtown Atlanta, GA, changed hands for $293 million or $176,000 per key. Host Hotels & Resorts LP (NYSE:HST) traded the 1,663-room asset to an undisclosed buyer.

The 479,002-square-foot, 50-story hospitality building at 265 Peachtree Center Ave. NE was built in 1985. Marriott International Inc. manages the property under a long-term agreement.

"I am excited to report our continued success in executing our asset...






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