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News Breaks | | | | October 4, 2012 | | 08:13 EDT |  | MCS | Carey Watermark, Arden and Marcus Hotels acquire Westin Atlanta Perimeter North
Carey Watermark Investors, or CWI, The Arden Group and Marcus Hotels & Resorts, a division of Marcus Corp. announced they have acquired the Westin Atlanta Perimeter North in a joint venture. The 372-room hotel includes 20,000 square feet of meeting space, restaurant, lounge, business center, fitness center, gift shop, outdoor pool and 338 parking spaces. The joint venture's total investment in the property is approximately $57M, including an approximately $14M renovation of guestrooms and public spaces, which is anticipated to be completed in early 2014. The property was acquired from an affiliate of DiamondRock Hospitality Co. | |
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