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...