|By Walter Woods, The Atlanta
Journal-ConstitutionMcClatchy-Tribune Business News
Aug. 17, 2006 - A team of developers plans to build a towering 48-story hotel near the Buckhead MARTA station that will be the first metro Atlanta Hilton hotel in 31 years.
The Peachtree Street hotel tower, to break ground next fall and open by 2009, will have 300 rooms topped by 192 condominiums.
Sandcastle Resorts & Hotels, which owns and operates Hilton hotels in Destin, Fla., and Alexandria, Va., will develop the hotel, while Atlanta condo developer Wood Partners will develop the residential units, said Fred Alias, a partner at Sandcastle. The developers have signed a franchise agreement with Hilton, he said.
Hilton has been barred from building additional hotels in the Atlanta market for decades due to an exclusivity agreement with the Hilton Atlanta Hotel downtown.
The proposed hotel, to rise on the corner of Peachtree and Stratford roads, will feature rooms with 10-foot ceilings, a 6-story stone facade and a luxury restaurant and spa, Alias said.
"In my opinion this will be the nicest Hilton hotel in the U.S. bar none," he said.
If built, the new Buckhead Hilton would join other high-end lodging entries into Buckhead.
The InterContinental Buckhead Hotel, a 21-story, 421-room tower on Peachtree, opened in 2004.
The 26-story St. Regis Hotel and condominiums -- with 150 hotel rooms and 50 condos -- is scheduled to open at Peachtree and West Paces Ferry roads in 2008.
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