Atlanta’s Clermont Hotel, a city landmark best known for its bawdy basement lounge, has been sold to New York developers.
Clermont Hotel Partners, LLC, an affiliate of Nashville, New York-based developers Philip Welker and Ethan Orley, purchased the property on Ponce de Leon Avenue. They did not release the sales price.
Welker and Orley plan to redevelop the Clermont as a boutique hotel. While the strip club — the oldest in Atlanta that often attracts big-name celebrities — won’t see immediate changes, its future will become clear once Welker and Orley solidify their redevelopment plans.
Welker, principal of BNA and Clermont Hotel Partners, said “we are thrilled to have the chance to reimagine The Clermont as a great hotel. We truly believe it represents one of the best opportunities in Atlanta. The property has all the right ingredients to become not only a destination boutique hotel for Atlanta, but for the Southeast.”
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