Mandarin Oriental Eyes Atlanta
Luxury standout Mandarin Oriental continues its push into the U.S. with plans for a new hotel in Atlanta. According to the Atlanta Business Journal, it will be sited at what is now a parking lot "between 1100 Peachtree and the Atlanta Women's Club. (They're assured of a built-in "ladies who lunch" crowd anyway.)
Atlanta-based Tivoli Properties Inc. is the developer for the project, and on Thursday submitted its formal plans to the state as a development of regional impact. The plans call for a 200-room hotel, 70 high-rise condos and 11,500 square feet of retail space. Pending permit approvals, the project will break ground and be finished in 2010.
This is just the first step in a long process of course, with lots of posturing, negotiating, and permit-wrangling to come. We'd put bets on 2010 being a best-case scenario.
· Party Dispatch: Mandarin Oriental's Summer Cocktails [HotelChatter]
· Tivoli Properties details Peachtree Street hotel plans [Atlanta Biz Journal]