Portman has acquired the Westin Peachtree Plaza, a 1,073-key full-service hotel in downtown Atlanta, from Marriott International. The transaction shifts ownership of one of the city’s most recognizable hospitality assets while keeping the property within Marriott’s system under a long-term management agreement. Portman completed the purchase through its Portman Hospitality Fund I, aligning the hotel with a dedicated investment vehicle focused on hospitality assets.
The Westin Peachtree Plaza is a 73-story cylindrical tower that opened in 1976, following its design and development by John Portman in the 1970s. At the time of its opening, the property held the distinction of being the tallest hotel in the world. Its mirror-glass exterior and distinctive profile have since made it a defining element of the Atlanta skyline, and the tower continues to serve as a visual anchor for the city’s central business district.
The hotel’s location places it in the middle of a dense cluster of downtown demand drivers. It rises 723 feet above the core of the city and is situated near the Georgia World Congress Center, State Farm Arena, Mercedes-Benz Stadium and the ongoing Centennial Yards development. This concentration of convention, sports and mixed-use destinations has long supported the property’s positioning as a major group and transient destination in the market.
As part of the change in ownership, Portman plans a comprehensive renovation of the Westin Peachtree Plaza. The scope of work will include repositioning the hotel’s guestrooms, public spaces and meeting facilities. The timing of the project is being targeted to complete the upgrades before Super Bowl LXII in 2028, a major event that is expected to generate elevated demand for hotel rooms across downtown Atlanta.
Although the hotel is changing hands, Marriott International will remain in place as manager, and the property will continue to operate under the Westin flag as part of Marriott’s broader portfolio. Before this sale, the Westin Peachtree Plaza had been the only Westin-branded hotel that Marriott owned outright, in contrast to the firm’s usual approach of managing or franchising hundreds of Westin hotels across the United States. The transaction therefore marks a shift for Marriott from direct ownership to a management-focused role at this specific asset, while introducing Portman and its hospitality fund as the new ownership group behind the landmark tower.
