{"id":1004800019,"date":"2026-05-26T03:53:21","date_gmt":"2026-05-26T11:53:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004800019"},"modified":"2026-05-26T04:00:50","modified_gmt":"2026-05-26T12:00:50","slug":"portman-acquires-atlanta-landmark-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/","title":{"rendered":"Portman Acquires Atlanta Landmark Hotel"},"content":{"rendered":"\n<p>Portman has acquired The Westin Peachtree Plaza, a 1,073-key full-service hotel in downtown Atlanta, through its Portman Hospitality Fund I. Marriott International sold the asset but will continue to manage the property under a long-term agreement.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1245\" height=\"934\" data-attachment-id=\"1004800024\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/the-westin-peachtree-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\" data-orig-size=\"1245,934\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Westin Peachtree Plaza\" data-image-description=\"&lt;p&gt;Image included in the press release: https:\/\/www.citybiz.co\/article\/850369\/portman-hospitality-fund-i-acquires-westin-peachtree-plaza\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rising 73 stories, The Westin Peachtree Plaza was once the world&#8217;s tallest hotel. Image courtesy of Portman&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\" alt=\"aerial shot of The Westin Peachtree Plaza\" class=\"wp-image-1004800024\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg 1245w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1245px) 100vw, 1245px\" \/><\/a><figcaption class=\"wp-element-caption\">Rising 73 stories, The Westin Peachtree Plaza was once the world&#8217;s tallest hotel. <em>Image courtesy of Portman<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>This is the first purchase for the investment vehicle that focuses on value-add, large-scale hospitality assets in major U.S. markets. As part of this strategy, Portman will renovate and reposition the properties in-house through its vertically integrated platform.<\/p>\n\n\n\n<p>The Westin Peachtree Plaza\u2019s purchase brought the company\u2019s hospitality portfolio to eight hotels in five major U.S. markets, totaling more than 4,000 keys. However, this acquisition has a special meaning for Portman, as the hotel was designed and developed by the firm&#8217;s founder,&nbsp;John Portman Jr.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-one-of-atlanta-s-most-recognizable-landmarks\">One of Atlanta\u2019s most recognizable landmarks<\/h2>\n\n\n\n<p>The 73-story cylindrical tower opened in 1976 as The Peachtree Plaza Hotel, under the management of Western International Hotels\u2014rebranded later as Westin Hotels. It was, at the time, the tallest hospitality building in the world.<\/p>\n\n\n\n<p>Currently the tallest hotel in the state of Georgia, the skyscraper rises 723 feet at 210 Peachtree St. NW in Atlanta\u2019s business and entertainment district. The location is near the Georgia World Congress Center, State Farm Arena, Mercedes-Benz Stadium and the <a href=\"https:\/\/www.commercialsearch.com\/news\/5b-mixed-use-atlanta-project-breaks-ground\/\">Centennial Yards<\/a> development.<\/p>\n\n\n\n<p>The building has a seven-story podium base that houses a 90-foot, sky-lit lobby, as well as meeting, dining and recreation spaces featuring two ballrooms, a fitness center and a heated pool. The tower also includes a three-level revolving restaurant on its topmost floors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/commercial-real-estate-trends\/\">Trends in Commercial Real Estate<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The Westin Peachtree Plaza has undergone multiple renovations over the years. Most recently, it benefited from a comprehensive, $70 million makeover completed in 2014, which brought improvements to the guestrooms, lobby and dining areas. The project&#8217;s team included architecture firm Cooper Cary, interior designer Carolyn Auger of blackdog studio and contractor Balfour Beatty.<\/p>\n\n\n\n<p>Portman intends to further renovate the hotel, targeting its guestrooms, public spaces and meeting areas. This revamp is slated for completion prior to the 2028 Super Bowl.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-atlanta-s-hospitality-play\">Atlanta\u2019s hospitality play<\/h2>\n\n\n\n<p>As it is preparing to host not only the Super Bowl, but also eight matches of the 2026 FIFA World Cup this summer, development activity is booming in Greater Atlanta&#8217;s hospitality sector. There were more than 1,900 hotel guestrooms under construction in the metro in the first quarter of this year, according to <a href=\"https:\/\/www.colliers.com\/en\/research\/atlanta\/2026-q1-georgia-hospitality-report\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">a report from Colliers<\/a>.<\/p>\n\n\n\n<p>And that number is about to grow even larger, as CIM Group and Centennial Yards Co., along with the Drew Co., announced the intention to develop <a href=\"https:\/\/www.commercialsearch.com\/news\/atlantas-centennial-yards-to-gain-virgin-hotel\/\">a 261-key Virgin Hotel<\/a>. Upon its 2027 completion, the property will anchor the Centennial Yards Entertainment District.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This property once ranked as the world\u2019s tallest hospitality tower.<\/p>\n","protected":false},"author":870,"featured_media":1004800024,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21751,21783,21742,32781],"tags":[32978,35498,34405,32802,33858],"class_list":["post-1004800019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-hotel","category-investment","category-latest","category-southeast","tag-balfour-beatty-construction","tag-colliers","tag-cooper-carry-architects","tag-marriott-international","tag-portman-holdings-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portman Acquires Atlanta Landmark Hotel - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Portman has acquired The Westin Peachtree Plaza, a full-service hotel in downtown Atlanta, from Marriott International.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portman Acquires Atlanta Landmark Hotel\" \/>\n<meta property=\"og:description\" content=\"Portman has acquired The Westin Peachtree Plaza, a full-service hotel in downtown Atlanta, from Marriott International.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-26T11:53:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-26T12:00:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1245\" \/>\n\t<meta property=\"og:image:height\" content=\"934\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/\",\"name\":\"Portman Acquires Atlanta Landmark Hotel - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\",\"datePublished\":\"2026-05-26T11:53:21+00:00\",\"dateModified\":\"2026-05-26T12:00:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\"},\"description\":\"Portman has acquired The Westin Peachtree Plaza, a full-service hotel in downtown Atlanta, from Marriott International.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg\",\"width\":1245,\"height\":934,\"caption\":\"Rising 73 stories, The Westin Peachtree Plaza was once the world's tallest hotel. Image courtesy of Portman\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portman Acquires Atlanta Landmark Hotel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\",\"name\":\"Adriana Marinescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"caption\":\"Adriana Marinescu\"},\"description\":\"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Portman Acquires Atlanta Landmark Hotel - Commercial Property Executive","description":"Portman has acquired The Westin Peachtree Plaza, a full-service hotel in downtown Atlanta, from Marriott International.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/","og_locale":"en_US","og_type":"article","og_title":"Portman Acquires Atlanta Landmark Hotel","og_description":"Portman has acquired The Westin Peachtree Plaza, a full-service hotel in downtown Atlanta, from Marriott International.","og_url":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2026-05-26T11:53:21+00:00","article_modified_time":"2026-05-26T12:00:50+00:00","og_image":[{"width":1245,"height":934,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg","type":"image\/jpeg"}],"author":"Adriana Marinescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/","url":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/","name":"Portman Acquires Atlanta Landmark Hotel - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg","datePublished":"2026-05-26T11:53:21+00:00","dateModified":"2026-05-26T12:00:50+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1"},"description":"Portman has acquired The Westin Peachtree Plaza, a full-service hotel in downtown Atlanta, from Marriott International.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg","width":1245,"height":934,"caption":"Rising 73 stories, The Westin Peachtree Plaza was once the world's tallest hotel. Image courtesy of Portman"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Portman Acquires Atlanta Landmark Hotel"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1","name":"Adriana Marinescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","caption":"Adriana Marinescu"},"description":"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/The-Westin-Peachtree-Plaza.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004800019"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800019\/revisions"}],"predecessor-version":[{"id":1004800052,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800019\/revisions\/1004800052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004800024"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004800019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004800019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004800019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}