Canopy Atlanta Midtown

The ground-up, recently constructed hotel is part of a mixed-use development also containing 328 luxury condominiums and opened at the end of 2018.

Located in the heart of Midtown, the area is one of the most highly sought-after submarkets in the Southeast. Midtown has rapidly urbanized, transforming into a highly desired live-work-play community with growing volumes of Class-A office space, upscale hospitality, plentiful retail,  art and cultural institutions, and diverse leisure and entertainment offerings.

Peachtree Group's basis is heavily supported by multiple trades in the market that range in the high $300k/key range to above $400k/key and replacement cost would be well above that range.