Legacy Property Group to Build Homewood Suites by Hilton in Atlanta, GA's Luckie Marietta District

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. September 04, 2013

ATLANTA, GA / MCLEAN, VA - September 4, 2013 - Homewood Suites by Hilton, Hilton Worldwide's international brand of upscale, all-suite, extended-stay hotels, continues to drive the expansion of its portfolio in prime urban markets with the announcement of a new hotel in downtown Atlanta's Luckie Marietta District. The hotel, which will be developed by Legacy Property Group, is the first new ground-up hotel development in downtown Atlanta in 5 years, the Luckie Marietta District's first extended-stay hotel and Homewood Suites' tenth open or planned property in the Atlanta Metro area.

"Downtown and metropolitan locations present a strong expansion opportunity for Homewood Suites, as business and leisure guests seek the home-like amenities and value associated with extended-stay hotels," said Bill Duncan, global head, Homewood Suites by Hilton. "Homewood Suites provides a scalable solution for developers in these markets, while also meeting modern travelers' desire for hotels that deliver both comfort and productivity."

The 129-suite hotel will provide guests visiting the area close proximity to an array of restaurants, attractions and entertainment venues located in the Luckie Marietta District, an outdoor, pedestrian-friendly neighborhood in Downtown Atlanta. The hotel will also utilize many of the in-place support facilities of Legacy Property Group's Park Pavilion mixed-use project, which includes a 670-car public parking deck, a public helipad and 50,000 square feet of restaurant and retail tenants. Over the past 15 years, Legacy amassed 15 restaurants within a block of its Homewood Suites site, including such favorites as Legal Sea Foods, Ruth's Chris Steak House, Der Biergarten, STATS, Max's Pizza, Subway, Park Avenue Deli, Baja Fresh and Johnny Rockets. Guests will also have easy access to public transportation through the Metropolitan Atlanta Rapid Transit Authority (MARTA).

Developer Legacy Property Group's hotel management subsidiary Legacy Hotel Partners will manage the new hotel, adding to the team already managing the existing Hilton Garden Inn Downtown. The hotel will be Legacy Property Group's fifth Hilton Worldwide project.

"Atlanta visitors needing to stay five days or longer will now have a hotel option convenient to downtown, modern restaurants and nightlife, as well as Atlanta attractions, such as the World of Coca-Cola and the Georgia Aquarium," said David Marvin, founder and president of Legacy Property Group. "The Luckie Marietta District is a perfect location for guests, and this new hotel will provide a comfortable and a superior option for lodging to them."

Construction is set to begin in the second quarter of 2014, and is expected to be completed by the third quarter of 2015.

Homewood Suites by Hilton offers roomy studio, one-and two-bedroom suites, with additional guest amenities including daily complimentary full hot breakfast in the hotel's hospitality center - the "Lodge" - a full evening meal with drinks Monday - Thursday*, and a 24- hour Suite Shop/Pantry. The hotel also offers complimentary internet, fully equipped 24 hour fitness center, an indoor pool, business center and grocery shopping service.**

*Service of alcohol subject to state and local laws. Must be of legal drinking age.

**Guest pays for groceries. Other restrictions apply.

About Homewood Suites by Hilton™
Homewood Suites by Hilton is an upscale, all-suite, residential-style hotel with more than 300 hotels open in the United States, Mexico and Canada. Homewood Suites by Hilton is the first choice for guests seeking comfortable, home-like accommodations when traveling for an extended stay. Beyond its spacious suites, which feature separate living and sleeping areas, and fully equipped kitchens with full sized refrigerators, additional value-driven amenities include: complimentary Internet, a daily full-hot breakfast, and healthy, delicious evening meals with drinks every Monday-Thursday*. The brand is focused on guest satisfaction and stands behind each stay with its 100% Suite Assurance® guarantee. For more information, please visit www.homewoodsuites.com.

About Legacy Property Group
Legacy Property Group responds to unique market opportunities while enhancing the built environment. The company was founded in 1995 as real estate development firm in Downtown Atlanta. Though the years, it has cultivated competencies in hotel management, restaurant management, asset management, finance, sales, marketing, design and construction. Today, this breadth of in-house disciplines fortifies the firm's ability to anticipate, plan and execute successful projects.

Fluency across multiple real estate uses, commitment to quality and the ability to work with partners and local governments have enabled Legacy to define and develop innovative projects in senior housing, residential and retail uses in addition to its core focus in hospitality and urban mixed-use. Projects have ranged in size from $500,000 restaurants to $100 million developments. Many have had city-center locations and were only possible with complex capital structures. The company is known for historic and adaptive reuse projects as well as for new construction.

As Legacy approaches its 20th year in business, it celebrates both its past, and its future. The company has received significant recognition including MIT Center for Real Estate's primary award, Hilton Hotels Corporation "Multi-brand Developer of the Year" and Downtown Atlanta's "Economic Impact Award." Recent assignments include two full service hotel developments. Legacy embraces its entrepreneurial, community and creative underpinnings and will continue to reach for excellence in the built environment.

About Luckie Marietta District
A walkable entertainment district within a 10-block radius around Centennial Olympic Park, the Luckie Marietta District is the accessible and engaging city center of Atlanta's Downtown. The Luckie Marietta District takes its name from two very busy resident thoroughfares - Luckie Street and Marietta Street - that formed the heart of commerce in Downtown Atlanta long before the Civil War.

Today, the Luckie Marietta District is Downtown Atlanta's Entertainment District and is home to some of the Atlanta's most iconic buildings and attractions. It connects seven hotels, along with 23 restaurants and lounges ranging from Ruth's Chris Steak House and Legal Sea Foods, to one-of-a-kind restaurants like Der Biergarten and Game-X, to refreshing staples like Ted's Montana Grill, Baja Fresh and Subway. The Luckie Marietta District is also home to 23 world-class attractions such as the Georgia World Congress Center, the Georgia Dome, Philips Arena, Centennial Olympic Park, the CNN Center and the Georgia Aquarium. The Luckie Marietta District also hosts a helipad on the rooftop of Ventanas, one of several unique event venues in the area.

Governor Nathan Deal awarded the Tourism Champion Partnership Award to the Luckie Marietta District at the 2011 Governor's Conference on Tourism. Continuing its path for growth and national recognition, the Luckie Marietta District will also be home to The College Football Hall of Fame and the National Center for Civil and Human Rights in the near future.