A $57M Hotel Sold for $25M Is Now Getting the JW Marriott Sign. Let's Talk About What That Really Means.
Stonebridge picked up the W Atlanta Downtown at a 56% discount through a deed-in-lieu of foreclosure, and now they're converting it to a JW Marriott just in time for the World Cup. This is either brilliant opportunistic repositioning or the most expensive bet on a single summer event since someone built a hotel next to an Olympic village.