Fort Worth’s Crescent Real Estate-affiliated fund buys Atlanta hotel

A Fort Worth-based firm overseen by real estate tycoon John Goff has acquired an Atlanta hotel located in the Georgia’s largest office submarket.

Crescent Real Estate LLC, with the help of its new investment fund, has acquired the Westin Atlanta Perimeter North, a 372-room lodging sitting on 6.25 acres in Atlanta. The site is adjacent to the 63-acre, 2.2 million-square-foot Concourse Corporate center.

The hotel includes 20,000 square feet of meeting space with an 8,000-square-foot ballroom, as well as a 24-hour business center, a fitness studio, spa and outdoor pool.

Crescent has hired HEI Hotels to manage the hotel.

Click to read more at Dallas Business Journal.