Jones Lang LaSalle Incorporated : Refinancing secured for the 218-key Hyatt Centric Buckhead Atlanta

ATLANTA, May 14, 2024 - JLL Capital Markets announced today that it arranged financing for the 218-key Hyatt Centric Buckhead Atlanta in Georgia.

JLL represented the borrower, a joint venture between Songy Highroads LLC and an affiliate of Hyatt Hotels Corporation, in securing the loan from a global bank.

Hyatt Centric Buckhead Atlanta is an 18-story hotel that opened in 2021. The hotel features diverse food and beverage options including Three Arches restaurant adjacent to the hotel's ground floor lobby and Spaceman, a one-of-a-kind rooftop bar experience with sweeping panoramic views of the Atlanta skyline. Additional hotel amenities include a fitness center, pool and more than 5,000 square feet of flexible meeting and event space.

Located at 3301 Lenox Square Parkway NE, the hotel offers prominent visibility along GA 400 and sits immediately adjacent to Lenox Square Mall, as well as the Buckhead Financial District and Buckhead's Historic Peachtree Park neighborhood.

"Our collaboration with Hyatt has been a success in delivering new hotels in desired submarkets," said Todd Nocerini, President of Songy Highroads LLC. "This Hyatt Centric hotel is ideally situated in the heart of Buckhead, offering demand drivers and amenities attractive to local, national and international travelers alike."

The JLL Capital Markets team was led by Senior Managing Director Ed Coco and Managing Director Matt Casey.

"Higher quality hotel assets continue to perform and demonstrate liquidity in today's market," said Coco. "The combination of a high-quality property and well-capitalized, institutional ownership was instrumental in successfully executing on this refinance."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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