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The property is located within walking distance from Cobb Galleria Convention Center, Cobb Energy Performing Arts Center, Cumberland Mall, and adjacent to SunTrust Park and the Battery Atlanta entertainment district.
The new-build hotel continues the expansion of the wellness-focused brand’s footprint in the Southeast.
The six-story hotel will consist of 133 rooms, 940-square-feet of flexible meeting space, an onsite restaurant and a 1190-square-foot athletic studio.
The hotel will also incorporate the brand’s in-room fitness elements and a balance of health-conscious and food and beverage options to help guests maintain their wellness lifestyle while traveling away from home.
“We are delighted to continue our long business relationship with IHG, expanding our portfolio with a third EVEN Hotel, demonstrates the continued momentum behind the growing wellness hotel brand and partnership” said Noel Epelboim, president and CEO of Epelboim Development Group, in a press release.
The $26 million development of the EVEN Hotel Atlanta has a franchise agreement executed between Epelboim Development Group and IHG, and will be managed by Real Hospitality Group.
The lender is Stonehill Capital, who provided a $15.5 million construction loan, which was facilitated by Hart Capital Partners out of Dallas.
The hotel will be in part financed through the EB-5 Visa for investors program and is expected to generate over 235.6 jobs in the city.
Epelboim Development Group is currently in the final stages of building its first EVEN Hotel in Georgia, this one in Alpharetta, slated to open December 2019.