U.S. real estate investment trust company Xenia Hotels & Resorts, Inc. announced that it has purchased the former Mandarin Oriental, Atlanta, a 127-room luxury hotel located in Atlanta, Georgia, for $53.5 million, or about $421,000 per key.
The property is situated in a 42-story mixed-use development and includes 127 rooms averaging 620 square feet, a 60-foot climate-controlled indoor pool, a 15,000 square foot spa, which consists 14 private treatment rooms among other amenities.
Xenia said that the acquisition further shows its continued efforts to inject in uniquely positioned, premium full service and lifestyle hotels that avail opportunities to drive development through the company’s asset management and project management practices.
The property was rebranded as Waldorf Astoria Atlanta Buckhead immediately upon the close of the purchase.