News for the Hospitality Executive
Novare Group Holdings, LLC Opens Second Atlanta Hotel/Condo
Property - TWELVE Hotels &
Residences Centennial Park with 102 Hotel Suites and 517 Condominium Residences
|ATLANTA - September 19, 2007 - TWELVE® Hotel &
Residences Centennial Park opened its doors today in Atlanta’s burgeoning
downtown destination district. It is located on the corner of West Peachtree
Street and Ivan Allen Jr. Boulevard near CNN Center, Centennial Olympic
Park, Georgia Aquarium and the World of Coca-Cola.
TWELVE Centennial Park is opening at a time when boutique hotels are
challenging traditional hotels in popularity and are outpacing the industry
average with a per-room revenue (RevPAR) growth of about 11 percent annually.
This is the second development for the TWELVE Hotels & Residences flag.
The first, TWELVE Atlantic Station, has enjoyed both commercial and industry
success. The hotel was recognized by Condé Nast Traveler and O,
The Oprah Magazine as a premier hotel and was named as the National Association
of Home Builders’ Best Condo-Hotel of 2007.
“We are extremely excited to follow the success of TWELVE Atlantic Station with the opening of this new location,” said Jim Veil, president of TWELVE Hotels & Residences. “TWELVE Centennial Park not only provides local Atlantans and guests with a memorable stay, but allows them to enjoy great urban experiences a short walk from the city’s revitalized downtown.”
TWELVE Centennial Park includes 102 one- and two-bedroom hotel suites with rates expected to begin under $200. Each suite exemplifies the upscale urban features that distinguish TWELVE Hotels & Residences, including:
TWELVE Centennial Park also provides guests with 24-hour concierge service,
car valet and 24-hour room service. An expansive elevated amenity deck
with sparkling outdoor swimming pool allows for spectacular views of downtown
Atlanta. TWELVE Centennial Park also offers beautiful and convenient event
space -- two meeting rooms, a pre-function area, hospitality lounge and
an executive board room.
TWELVE Centennial Park also includes 517 one- and two-bedroom condominium residences in a 39-story tower located adjacent to the hotel. Residents enjoy the same contemporary design and upscale finishes as are found in the hotel suites. Residents also enjoy hotel services such as housekeeping, car valet, 24-hour concierge, etc. A second residential tower is planned for the site, and when all is complete. TWELVE Centennial Park will increase the number of downtown Atlanta residents by three percent with 1,002 luxurious urban condominiums. It will also include 14,800 square feet of street-level retail space, 10,500 square feet of office space and the 5,000 square-foot restaurant. The mixed-use development is the largest private-sector residential project within Atlanta’s central business district.
ABOUT TWELVE HOTELS & RESIDENCES
ABOUT NOVARE GROUP
|Also See:||Condo/hotel Builder Novare Group Finds Restaurateur to Develop Culinary Destinations Instead of Places of Dining Convenience / February 2007|
|Developers Novare Group and Wood Partners Building a Condo / Hotel in Atlanta's Atlantic Station Village; 404 Condos and 101 Hotel Rooms / April 2004|
|The First TWELVE Hotel Planning Many High-technology Options / December 2005|