Business
Monomoy Property Ventures and Axonic Capital Acquire 590 West Peachtree Street in Atlanta; Plans Conversion to Flagship Marriott Brand
Monomoy Property Ventures ("Monomoy"), a real estate investment firm focused on redeveloping high-value hospitality and mixed-use assets, and Axonic Capital, a real estate-focused investment manager, announced the acquisition 590 West Peachtree Street in Atlanta. The property will soon undergo a substantial capital investment program led by Monomoy in partnership with a best-in-class architect and design team, and be repositioned under the Marriott Hotels brand, Marriott International's flagship
About this update from Marriott International
[{"type":"text","content":"ATLANTA, Oct. 13, 2025 /PRNewswire/ -- Monomoy Property Ventures ("Monomoy"), a real estate investment firm focused on redeveloping high-value hospitality and mixed-use assets, and Axonic Capital, a real estate-focused investment manager, announced the acquisition 590 West Peachtree Street in Atlanta. The property will soon undergo a substantial capital investment program led by Monomoy in partnership with a best-in-class architect and design team, and be repositioned under the Marriott Hotels brand, Marriott International's flagship full-service offering. Monomoy and Axonic have selected Schulte Hospitality Group as the property management company.","length":681,"tagName":"p"},{"type":"image","alt":"Marriott Atlanta set to open in late 2027","displaySize":"","headline":null,"caption":"Marriott Atlanta set to open in late 2027","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/524d056f33717b0f3e9c0b68bf29e0fa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tk9e5Pv517u7rP7ztJ943w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/524d056f33717b0f3e9c0b68bf29e0fa","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2794724/Monomoy_590_west_peachtree.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This project aligns with Monomoy's track record of acquiring high quality real estate in growing markets with creative repositioning potential," said Kevin Vaughan, Founder and Managing Partner of Monomoy. "Through a major renovation and conversion to The Marriott Atlanta, we are excited to create a strong product-market fit for the Atlanta traveler and deliver attractive outcomes for our partnership."","length":430,"tagName":"p"},{"type":"text","content":""We are thrilled to partner with Monomoy to acquire this strategic asset that is primed for a repositioning and rebranding," said Eric Sitman, Managing Director at Axonic Capital. "We think post-renovation we will have a highly compelling offering for this market at an exceptional basis and believe strongly that Schulte is the right hotel manager to maximize performance."","length":394,"tagName":"p"},{"type":"text","content":"The property currently ...