Encore Hospitality Acquires 154-room Doubletree Suites by Hilton in Atlanta
Plans $6+ Miillion Renovation
DALLAS - October 3, 2014 - Encore Hospitality, a subsidiary of Dallas-based commercial real estate investment firm, Encore Enterprises, Inc., has purchased a 154-room Doubletree Suites by Hilton hotel in Atlanta, Georgia. The hotel is located immediately adjacent to SunTrust Park, the new Atlanta Braves baseball stadium, which is slated for completion in 2017.
"We are excited to be back owning and managing hotels in Atlanta," said Glenn Pedersen, President of Encore Hospitality. "We look forward to investing millions of dollars into the hotel so as to properly position it in the market and compete with all the hotels that have recently undergone a renovation."
Encore plans on investing upwards of six million dollars into the remodel, including a state of the art lobby which will feature a multi-story water feature, and a sports lounge.
"SunTrust Park and the Braves are anticipated to draw large crowds, and we are positioned to serve the community when this need arises," said Bharat Sangani, Chairman of Encore Enterprises.
The deal was Brokered by Hodges Ward Elliott out of Atlanta, Georgia and purchased from Inland Hospitality of Palm Beach, Florida.
About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information about Encore Hospitality, LLC, visit www.encore.bz, or call (214) 259-7000.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit www.encore.bz, or call (214) 259-7000.
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