ATLANTA, GA, Jan. 26, 2009—Officials of The Georgian Terrace Hotel, (top right photo) Atlanta’s iconic hotel, announced today that the midtown property has commenced an $11 million-plus renovation to upgrade guestrooms and carry out a significant makeover of much of the public and social spaces, including a complete transformation of its existing restaurant and bar.The hotel expects that the renovated restaurant and bar will become one of Atlanta’s top dining attractions.
The luxury, all-suite hotel is owned by a real estate fund managed by San Francisco-based Fremont Realty Capital, with day-to-day management provided by Virginia-based Crescent Hotels & Resorts.
“Over the past few years, The Georgian Terrace Hotel has suffered an identity crisis of sorts, with various announced plans to convert it to other uses or to upgrade the hotel,” said Matthew Reidy, (bottom left photo) senior managing director of Fremont Realty Capital.
“It is a classic building with incredible hotel potential. We looked at every possible scenario and concluded that the property was built to be a grand hotel, so why try to change its heritage?
"The fact that we are investing some $11 million in the middle of a recession speaks to our commitment to this landmark hotel and our confidence in mid-town Atlanta.
"The Georgian Terrace Hotel has a rich history of celebrity, southern style and hospitality, and the planned refurbishment will be a renaissance for the hotel, preserving its charm and grand spaces while updating the restaurant and room experience to give our guests a contemporary and state-of-the-art experience.”
CONTACTS;
CONTACTS;
Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297, julie@dalygray.com
Chris Daly or Jerry Daly, (703) 435-6293 chris@dalygray.com
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