Selig Enterprises refinances the Epicurean Atlanta, a 178-key boutique Marriott Autograph Collection hotel located in Midtown Atlanta. JLL Capital Markets worked on behalf of the borrower to secure financing through Great Southern Bank.
The 16-story property serves as the anchor to Selig’s West Peachtree mixed-use development that includes 1105 West Peachtree, a 650,000-square-foot office building leased to Google and Smith, Gambrell and Russell, and 40 West 12th Street, a luxury condominium with 64 residences.
Epicurean Atlanta features three food and beverage outlets: Reverence restaurant, Aerial Kitchen & Bar, a seasonal outlet located on the ninth-level sky terrace, and The Office Bar, a hospitality-inspired concept amenitizing the lobby of the office building. The hotel also has a 9th-floor amenity deck with a rooftop pool and access to a one-acre outdoor terrace that is programed for one-of-a-kind corporate and community events and weddings.
Guest accommodations include 156 standard rooms and 22 suites, with room sizes averaging 459 square feet. The property features 12,000 square feet of meeting and event space, including the Grand Cru Ballroom and a 1,780-square-foot Epicurean Theatre, a test-kitchen concept with stadium seating that is a unique amenity for the community and corporate meetings alike.
Demand drivers include Google's 500,000-square-foot adjacent regional headquarters at 1105 West Peachtree, as well as other major employers throughout the Midtown Atlanta submarket, which represents 14% of the city’s employment. The hotel is centrally located within walking distance of Georgia Tech and other attractions including the High Museum of Art, Woodruff Arts Center, Atlanta Botanical Garden and Piedmont Park. Two MARTA stations provide access to Hartsfield-Jackson International Airport within 20 minutes.
The JLL Capital Markets team representing the borrower included Managing Directors Matt Casey, Matthew Schoenfeldt and Jeff Bucaro, along with Analyst Streeter Simmons.