August 23, 2023
Waramaug Hospitality, a privately held investment firm focused on premium-branded select-service and full-service hotels, announced Wednesday it acquired the Atlanta Marriott Peachtree Corners located northeast of Atlanta’s Interstate-285 beltway perimeter.
The 222-room Atlanta Marriott Peachtree Corners features a fitness center, indoor pool, and outdoor fire pit seating area. The property has over 5,000 square feet of meeting space spread throughout nine rooms, the largest of which totals 3,000 square feet with a capacity of over 300 people. All meeting and event spaces are fully equipped and are ideal for various events, from large-scale industry conferences to intimate happy hours and lifecycle events.
“The Atlanta Marriott Peachtree Corners is an exceptional asset with built-in demand generators in the only Georgia city that made Fortune Magazine’s list of the 50 best places to live in the United States for families,” said Ferit Ferhangil, Principal of Waramaug Hospitality. “As the second full-service Marriott Hotel and 16th Marriott-branded property in our portfolio, we see tremendous revenue growth opportunities for this asset in a thriving market. Our team will deploy sophisticated management and marketing systems to strengthen the asset and ensure the property outperforms its competitive set.”
The property, which will now be managed by Aimbridge Hospitality, is located within Technology Park, a regional technology and innovation hub home to numerous tech and life services firms, and the regional headquarters of Comcast, Crawford & Co., and Hapag-Lloyd. The 500-acre campus is a thriving destination for technology innovation in the Southeast and home to over 2,300 businesses ranging from Tech startups to Fortune 500 companies. Affluent suburban communities, high-quality educational institutions, golf courses, sporting clubs, The Perimeter Mall, and The Forum, which is undergoing a renovation to create Peachtree Corners’ downtown center’, and high-acclaimed restaurants surround the property.