alex brown realty
Alex. Brown Realty and Hotel Development Partners Sell Courtyard Atlanta Alpharetta/Avalon Area Hotel
Alex. Brown Realty | February 23, 2022
BALTIMORE, MD - February 23, 2022 - Alex. Brown Realty (ABR) and Hotel Development Partners (HDP) are pleased to announce the sale of the Courtyard by Marriott Atlanta Alpharetta/Avalon Area to an entity backed by JMREI and Lionshead Capital Partners. The Atlanta team of Hodges Ward Elliott brokered the transaction. The ABR/HDP joint venture developed the 115-room Courtyard, which opened in early-2019. “We are proud to have brought this state-of-the-art Courtyard to Alpharetta. It was extremely well-received and is among the finest examples of the Courtyard brand,” said Allen O'Brien, CEO of HDP. Hotel Equities, an affiliate of HDP, ...
Alex. Brown Realty JV with Hotel Development Partners to Develop Courtyard by Marriott in Alpharetta, Georgia
Alex. Brown Realty | October 9, 2017
BALTIMORE--October 9, 2017--Alex. Brown Realty, Inc. (ABR) and Hotel Development Partners (HDP) have announced plans to develop a 115-room Courtyard by Marriott in Alpharetta, Georgia. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $7.2 million in the joint venture. Financing for the project will be provided by the Bank of North Georgia, a division of Synovus Bank. The joint venture recently closed on the 1.9 acre site located off of Old Milton Parkway directly across from Avalon – the 86-acre mixed-use development that is expected to be a major demand generator for the hotel. "Alpharetta is experie...
