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		<title>AVR Spins Off Two Atlanta Hotels</title>
		<link>https://vrjproperties.com/avr-spins-off-two-atlanta-hotels/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 05 Mar 2025 14:19:44 +0000</pubDate>
				<category><![CDATA[Hospitality]]></category>
		<category><![CDATA[Atlanta]]></category>
		<category><![CDATA[AVR]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Hotels]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Spins]]></category>
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					<description><![CDATA[<p>AVR Realty and investor partner Dimension Hospitality unloaded two Marriott-branded hotels near Truist Park for $66 million. The sale includes the 400-room Atlanta Marriott Northwest at Galleria and the adjacent 147-room SpringHill Suites Atlanta Northwest. The two hotels are less...</p>
<p>The post <a href="https://vrjproperties.com/avr-spins-off-two-atlanta-hotels/">AVR Spins Off Two Atlanta Hotels</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p><strong>AVR Realty</strong> and investor partner Dimension Hospitality unloaded two Marriott-branded hotels near Truist Park for $66 million. The sale includes the 400-room Atlanta Marriott Northwest at Galleria and the adjacent 147-room SpringHill Suites Atlanta Northwest. </p>
<p>The two hotels are less than a mile from the Atlanta Braves ballpark. Morning Star Hotel Group Greensboro, North Carolina, bought them. The Atlanta Business Chronicle reports that they will be completely renovated in the next 18-24 months.</p>
<p>AVR Realty and Dimension acquired the Marriott in 2017 for $56 million. The companies secured a nearly $47 million loan from M&amp;T Bank of New York for the acquisition, which matured last May.</p>
<p>AVR Realty built the SpringHill Suites next door to the Marriott, opening that hotel in 2022.</p>
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<br /><a href="https://www.connectcre.com/stories/avr-spins-off-two-atlanta-hotels/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/avr-spins-off-two-atlanta-hotels/">AVR Spins Off Two Atlanta Hotels</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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