JV Pays $220M for Alpharetta Hotel

Crescent Real Estate offloaded The Hotel at Avalon, a 330-Key Hotel in Alpharetta. Commercial Search reports that Endeavor Real Estate Group and Cox acquired The Hotel at Avalon for $220 million.

Crescent has owned the since September 2020. The hotel debuted in 2018.

The Hotel at Avalon features guest rooms and suites ranging from 355 to 1,100 square feet. Amenities include a second-floor swimming pool, a fitness center, an on-site restaurant, event venues and three and a half levels of parking with 407 spaces…

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