ATLANTA — An investment group has purchased the St. Regis Hotel from a group of partners that included the hotel’s developers.
Tavistock Group purchased the 151-room hotel and 30 of the 53 St. Regis Residences, the company said Wednesday. The hotel will continue to be managed by Starwood Hotels & Resorts.
“We are thrilled to acquire the St. Regis property in Atlanta and believe it is a terrific asset in one of the Southeast’s most prominent cities,” Douglas E. McMahon, a managing director, said in a news release. “We believe Atlanta will continue to be a critically important economic and cultural center for the next several decades.”
The 26-floor hotel, located in the heart of Atlanta’s Buckhead community, opened in April 2009
“We intend to be a hands-on, highly involved owner,” McMahon said. “We will strive to make this the very best St. Regis hotel property and work to establish the St. Regis Residences at 88 West Paces Ferry as the most desirable address in the city of Atlanta.”
