July 18, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $58.54 million in construction financing from U.S. Bank for the development of the Omni Hotel at The Battery Atlanta, a 264-room, full-service, luxury hotel that will serve as a cornerstone of the mixed-use community adjacent to SunTrust Park, the future home of the Atlanta Braves.
Working on behalf of the borrower, TRT Holdings, Inc. and Braves Development Company, LLC, HFF placed the 42-month construction financing with two one-year extensions with U.S. Bank.
Omni Hotel at The Battery Atlanta will be a 16-story premier property with 25 suites and three hospitality suites included in its 264 guest rooms. The hotel will feature approximately 12,000 square feet of meeting space, a restaurant with rooftop seating, outdoor pool with a deck and bar, state-of-the-art fitness center, wine and coffee bar, retail outlets on the third floor and concierge services. Anchoring the southern end of The Battery plaza, Omni Hotel at The Battery Atlanta will be situated just outside of the gates of SunTrust Park, the 41,500-seat stadium that will be the new home of the Atlanta Braves Major League Baseball team beginning with the 2017 season. The Battery Atlanta, a mixed-use development is situated at the intersection of Interstates 75 and 285 in the northern part of Atlanta.
The HFF team was led by senior managing director Whitaker Johnson and director Jim Curtin.
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