165 COURTLAND - Phase I
PRIVATE OFF MARKET ACQUISITION
763
Number of Units
435,789
GBA
SPI1, Atlanta
Zoning Type
252,648
Land SF
1964
Year Built
 
 

Investment Summary
  • Courtland Grand Hotel (former Sheraton Atlanta) 165 Courtland St. NE, Atlanta, GA The Courtland Grand Hotel is a prominent Upper Upscale class property in the heart of the city. Currently, this 580,220 square foot hotel, built in 1964 and renovated in 2012, houses 763 rooms and boasts 53,246 square feet of meeting space. In addition, it hosts three tenants: Fandangles Restaurant & Bar (5,000 SF), Coleman Command Group (2,000 SF), and The Market (2,000 SF), spanning the accommodation and food services, public administration, and retail sectors respectively. The property occupies a total of 5.05 developable acres within Fulton County, under the jurisdiction of the City of Atlanta. The current zoning designation is SPI-1 Downtown Special Public Interest District, which supports high-density com
  • Land Area: 5.08 acres Rooms: 763 (250,000 square feet) comprised of an 11-story north-tower, 12 story south-tower and4 story courtyard. Meeting Space: 100,000 square feet of event space Meeting Space: 100,000 square feet of event space Parking: 231 spaces on site
  • Courtland Grand Hotel, Trademark Collection by Wyndham.
  • Seize the opportunity to invest in a strategic location that promises high ROI potential.
  • Listing Status: Off Market / Under Contract
Property Overview & Program
  • ROOMS: The Courtland Grand Atlanta Hotel is a remarkable property that spans an impressive 250,000 square feet and houses 763 keys. With a transformative vision, these spaces are slated for upgrade and repositioning the asset.
  • MEETING SPACE: Beyond residential spaces, the property boasts an expansive 100,000 square feet of meeting spaces. This includes a grand ballroom that stretches over 15,000 square feet and the Capital Ballroom, which covers an area of 9,600 square feet. Furthermore, there are 55 event rooms and 60 breakout rooms, all of which are set to undergo a metamorphosis into production sound stages, pre/post-production media labs, and creator suites for both small and midsize users.
  • PARKING: In terms of parking, the hotel is well-equipped, offering 231 spaces, providing ample accommodation for residents and visitors alike. This comprehensive summary underscores the property's potential as a dynamic hub for both residential and creative endeavors.
Location and Neighborhood:
  • 165 Courtland is an urban gateway nestled in the pulsating heart of downtown Atlanta, offering its guests an unparalleled experience of the city's dynamic spirit. This prime location ensures seamless connectivity to the city's attractions via the nearby Peachtree Center MARTA station, just a five-minute stroll away. The neighborhood mirrors Atlanta's diversity, boasting a rich culinary landscape ranging from Alma Cocina's contemporary Mexican fare to the refined Southern elegance of White Oak Kitchen & Cocktails. Adding to the allure, the Peachtree Center provides a diverse shopping experience, from high-street fashion to unique local boutiques, mere steps from the hotel.
  • The National Transportation Noise Map (NTNP) facilitates United States Department Of Transportation stakeholders, researchers, industry and the public in their efforts to track trends in transportation-related noise, by mode, and collectively for multiple transportation modes. The NTNP provides a basis for understanding what-if scenarios and helping policy makers and planners to prioritize noise related transportation investments. The data allow viewing the national picture of potential exposure to aviation, highway, and rail noise. The Hotel falls within a noise area categorized at 55.0 - 59.9 decibels (dBA). According to National Transportation Noise standards a noise level of 55.0 - 59.9 dBA is considered moderate and is typical of a busy residential area or light traffic.
  • FAA RESTRICTED FLIGHT PATH The Federal Air Administration (FAA) is dedicated to ensuring drones and small aircrafts are able to operate safely in the same airspace with manned aircraft. The UAS Facility Map to the right demonstrates areas in the flight path of airports, and show the maximum altitudes around airports where the FAA may authorize drone and lower level aircrafts to operate without additional safety analysis. According to the FAA, the subject property is not located in a flight path or restricted air space requiring special FAA authorization to fly drones or lower level aircrafts at any altitude.
Accessibility
  • Courtland Street is easily accessible by a variety of transportation modes. The property is just a short distance from the Peachtree Center MARTA station, providing quick access to the city's extensive public transportation network. Atlanta's Hartsfield-Jackson International Airport, the busiest airport in the world, is only a short drive or train ride away, offering convenient access for out-of-town guests or business travelers. For those driving, several major thoroughfares, including Interstates 75, 85, and 20, are easily reachable from the location. The area also boasts numerous parking options, both on-street and in nearby garages.
  • Public Transit: The Peachtree Center MARTA station, part of the Red and Gold lines providing direct access to the Hartsfield-Jackson Atlanta International Airport and the northern suburbs of Atlanta, is just a few blocks away - approximately a 5-minute walk. Driving: The hotel is conveniently located near the intersection of the I-75 and I-85 highways, offering easy access from any direction. The downtown connector also offers easy access to I-20, serving both the east and west sides of the city. Hartsfield-Jackson Atlanta International Airport is typically a 15-20 minute drive, depending on traffic. Parking: There are several public parking options in the vicinity, including the Lanier Parking Solutions and the Peachtree Center Garage, providing convenient options for guests and visitors.
Area Amenities
  • The site is surrounded by a wealth of amenities that make it an attractive location for both locals and visitors. Just steps away, you'll find a variety of dining options, ranging from casual eateries to upscale restaurants. The property is also within walking distance to a variety of retail outlets, including high-end boutiques and shopping centers like the Peachtree Center Mall. For leisure and entertainment, the hotel is close to many of Atlanta's premier attractions. The Centennial Olympic Park, the Georgia Aquarium, the World of Coca-Cola, and the CNN Center are all within a short walking distance. The area also features several cultural institutions, including the Rialto Center for the Arts and the Tabernacle Concert Hall.
  • Dining: A variety of restaurants are within a short walking distance, typically 5-10 minutes away. Fine dining options include the nearby Alma Cocina and the award-winning White Oak Kitchen & Cocktails. Shopping: The Peachtree Center, a large shopping center housing a variety of retail shops, is just a short walk - approximately 5 minutes away. Entertainment: The renowned High Museum of Art is accessible via the MARTA, approximately a 10-minute drive or 20-minute transit ride away. For music enthusiasts, the Tabernacle Concert Hall is less than a 10-minute walk away. Outdoor Attractions: The Centennial Olympic Park, a legacy of the 1996 Olympics offering beautiful green spaces, water features, and landmarks, is within a 10-minute walking distance.
FOR MORE DETAILS CONTACT
Brandon Riddick-Seals
Principal Advisor
(770) 891-2800
brandon@riddickseals.com
LeRonne Riddick-Seals
General Counsel
(770) 891-2800
leronne@riddickseals.com