### Hilton Atlanta Auctioned Off for $191 Million
The Hilton Atlanta, a large convention hotel in Downtown, was recently sold at a foreclosure auction.
According to the *Atlanta Business Chronicle*, Axonic Capital foreclosed on the property, which was tied to a $218.8 million loan originated by Barclays Capital Real Estate Inc. Trinity Investments emerged as the highest bidder, purchasing the 1,249-room hotel for nearly $191 million. Axonic provided Trinity Investments with a $193.8 million loan, set to mature in January 2026.
Previously, the Hilton was owned by Haberhill LLC and Apollo Global Real Estate Management, who acquired the property in 2015. In 2019, the ownership secured a $218.8 million loan from Barclays, which Axonic later took over in 2021.
Trinity Investments’ acquisition price equates to just over $150,000 per key. By contrast, the 976-room Signia by Hilton Atlanta, which opened last year adjacent to the Georgia World Congress Center, was developed for more than $450,000 per key.
Reports indicate that the hotel’s financial struggles were largely attributed to the effects of the pandemic, especially among properties that depended heavily on convention business.
