Core Insights - Monomoy Property Ventures and Axonic Capital have partnered to acquire a 462-key hotel and convention center in Atlanta, Georgia, with plans for a full-scale renovation and rebranding as a Marriott property [1][2] - The acquisition is supported by a $67.5 million loan arranged by University Place Asset Management for the renovation [2] - The renovation will modernize the hotel to meet Marriott's operational standards, including updates to guestrooms, public facilities, and back-of-house systems [2][3] Group 1 - The property will be rebranded as Marriott Atlanta, featuring new meeting spaces, an "M-Club" lounge, and dining options, and will join the Marriott Bonvoy loyalty program [3] - Monomoy's founder emphasized the alignment of this project with the company's strategy of acquiring high-quality real estate in growing markets with repositioning potential [3][4] - The renovation and conversion to Marriott are expected to enhance the property's market fit for travelers in Atlanta, aiming for attractive outcomes for the partnership [4] Group 2 - Schulte Hospitality Group will manage the property post-renovation, with a focus on elevating performance and long-term ROI [5] - Construction is set to begin after the 2026 FIFA World Cup, with an anticipated reopening in late 2027, coinciding with Super Bowl LXII in Atlanta [5]