Plans filed for Atlanta Beltline-facing boutique hotel
By Amy Wenk – Staff Writer, Atlanta Business Chronicle
May 13, 2019, 7:00am EDT Updated 4 hours ago
A 200-room boutique hotel is moving forward from one of Atlanta’s top developers.
Plans were just filed in Atlanta for the seven-story project along the Atlanta Beltline’s Eastside Trail.
Portman Holdings LLC is planning the hotel and last year acquired the more than one-acre site. An affiliate of Portman paid $5.5 million for the property at the southwest corner of Irwin Street and the Beltline in Old Fourth Ward. The site is between Studioplex and Atlanta Stove Works, and sits near the popular food hall Krog Street Market.
“We are making the Beltline our front door,” Ambrish Baisiwala, CEO of Portman Holdings, said in an interview last May. “We have the opportunity to create a well-designed hotel that speaks to the community. There is no hotel project on the Beltline to serve that market.”
In February, Ambrish told Atlanta Business Chronicle the plan is to break ground at the end of this year or early next year. The goal is to open in the third quarter of 2021.
The site has been envisioned as a hotel since 2015. But a previous deal fell apart.
There are now two hotels planned along the Eastside Trail.
New City LLC recently filed plans for a massive mixed-use project that would rise next to the trail and Historic Fourth Ward Park, including a 140-room hotel.
“The Beltline is Atlanta’s beachfront property,” Jim Irwin, president of New City and a former principal with Jamestown, said in an interview last May. “Hospitality is the final offering that’s missing. The fact that a legacy Atlanta developer (Portman) is taking on the opportunity is a huge validation for what the Beltline is doing for the city.”
Portman Holdings was behind some of Atlanta's most iconic hotels, including the Atlanta Marriott Marquis, Hyatt Regency Atlanta and Westin Peachtree Plaza. It has another boutique hotel project in the works in Buckhead, which is converting a former condo building along East Paces Ferry Road.
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