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Crescent Announces Successful Sale Of The Hotel At Avalon

In Brief: Crescent Real Estate LLC has sold The Hotel at Avalon, a 330-room hotel in Alpharetta’s Avalon. Image Credit The Hotel At Avalon    Crescent Real Estate LLC announced the successful sale of The Hotel at Avalon, a 330-room luxury hotel located within Avalon, Alpharetta’s award-winning mixed-use destination.Acquired in September 2020 amid unprecedented uncertainty across the hospitality industry, The Hotel at Avalon represented a high-conviction investment in a superior hotel at a time when many investors remained focused on the near-term disruption caused by the COVID-19 pandemic. Crescent recognized the opportunity to acquire a premier hotel at an attractive basis,…

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The Turndown Service

In Brief: As artificial intelligence moves deeper into hospitality, the industry faces a defining choice: use automation to strengthen human service or…