Hotel Equities to Manage Hotel Indigo Atlanta Downtown

Created by Renovating the Historic Carnegie Building

. February 03, 2010

ATLANTA, GA - February 1, 2010 - Atlanta-based Hotel Equities (HE) recently acquired the management contract for the 150-room Hotel Indigo Atlanta Downtown, a boutique hotel created by renovating the historic Carnegie Building. (Details included at end of release.)
Hotel Equities plans an opening in early summer 2010 of the 12-story hotel. It is located at133 Carnegie Way, just off Peachtree St. The Hotel Indigo marks the first downtown Atlanta property in the Hotel Equities portfolio. The firm also manages the Hotel Indigo Miami Lakes, Florida.

“We are very pleased to add a second Hotel Indigo to our portfolio,” said Hotel Equities President and CEO Fred Cerrone. “We're proud to provide award-winning hospitality to our guests at this historic location in our home town.”

“I want to recognize Paul Breslin, Managing Partner of Panther Hospitality, who I believe was instrumental in pulling the project together from its inception,” said Mr. Cerrone. “He selected Hotel Equities as a potential operations candidate and we earned the appointment.”

A contemporary and unpretentious boutique hotel, Hotel Indigo Atlanta Downtown joins the Hotel Indigo Atlanta Midtown as the second Hotel Indigo in Atlanta. It provides a refreshing and upscale hotel experience at a reasonable price.

Constructed in 1926, the Carnegie Building formerly served as an office building. It holds a prominent location across from Georgia Pacific's World Headquarters and within walking distance of numerous attractions including the Georgia Aquarium, Centennial Olympic Park, the World of Coca-Cola, the Georgia Dome, Phillips Arena, and CNN Center & Studios. Guests can easily enjoy activities on property or find shopping, entertainment and a variety of dining options in downtown Atlanta.

Designed to reflect the location and the energy of the local community, Hotel Indigo Atlanta Downtown features vibrant urban colors from the lobby to the guest rooms. Signature Hotel Indigo standards include inviting guestrooms with oversized beds, hardwood-style flooring, area rugs, oversized photo murals of local imagery, and a spa-inspired shower. The hotel will also offer Phi - a casual gourmet restaurant, a 24-hour business center, meeting space for business functions or special events, and wireless high-speed Internet access throughout the hotel.

Hotel Equities (HE) is an Atlanta-based full-scale hotel management, development and consulting firm. Frederick W. Cerrone, CHA, serves as President and CEO. HE presently has 46 properties in its portfolio. For more information, visit www.hotelequities.com.

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