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Ex-Kimpton locale to start flying Marriott’s Renaissance flag
Thayer Lodging Group, a private hotel investment company, said it is under contract to acquire the 304-room Hotel Palomar Atlanta-Midtown from WP Partners for an undisclosed price. The deal is expected to be completed within the next 30 days.
Concurrently, Thayer announced the hotel will be rebranded as The Renaissance Atlanta Midtown Hotel, within the Marriott International lifestyle portfolio. Renaissance will operate the property upon closing of the transaction.
“This is an outstanding lifestyle hotel in a prime location and will be a great addition to our portfolio,” said Jin Lee, managing director and cio of Thayer Lodging Group.
The hotel is currently managed by Kimpton Hotels & Restaurants, which owns the Palomar brand name, as well as the Pacci Ristorante and AltoRex Rooftop Lounge names. With the conversion to a Renaissance, the names of the restaurant and lounge will also be changed.
Located on West Peachtree St. NW, the 21-story hotel features 10,000 sq. ft. of flexible meeting space and a 1,000-sq.-ft. fitness center.
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