Legacy Ventures Closes $83.5 Million Fixed-Rate Loan for Embassy Suites Atlanta at Centennial Olympic Park
Legacy Ventures has closed an $83.5 million 10-year fixed-rate loan for the 321-suite Embassy Suites Atlanta at Centennial Olympic Park in Atlanta. Developed by Legacy in 1999 as the first building to be constructed on Atlanta’s Centennial Olympic Park and the first new-build hotel in 15 years, the Embassy Suites has anchored Legacy’s downtown Atlanta portfolio since inception.
Today, the park-fronting property is at the epicenter of the Centennial Park District - Downtown Atlanta’s convention and entertainment hub. The hotel enjoys proximity to the Georgia World Congress Center, as well as other strong demand drivers such as Mercedes-Benz Stadium, State Farm Arena, and the Georgia Aquarium. The hotel is also near the future Centennial Yards project, a $5 billion mixed-use development projected to reshape the area currently known as the Gulch into a 40-acre mini-city.
“Legacy Ventures’ commitment to satisfying both guests and investors has led to the company’s success in the Centennial Park District and beyond”, said David Marvin, Founder and President of Legacy Ventures. “In 1999, we had a handful of corporate employees and a vision of what the Centennial Park District might become. Today our downtown team is over 800 strong encompassing five hotels and a dozen restaurants.” Legacy operates in four states as both owner-operator and as third-party manager. “Legacy Ventures seeks new development, acquisition and management opportunities, but the Embassy Suites Atlanta will continue to anchor our long-term portfolio.”
EATER FEATURES THE SUMMER OPENING OF DOS BOCAS IN DOWNTOWN ATLANTA
Legacy Ventures announces the summer opening of Dos Bocas in the former Legal Sea Foods location at 275 Baker St. Inspired by Brian Bullock’s travels throughout Louisiana and Texas, this restaurant will feature a Mexican-Cajun cuisine. The menu at Dos Bocas, or “two mouths”, includes dishes like campechana, shrimp etouffee, po’boys and barbecue shrimp.
“While running restaurants in Houston and New Orleans earlier in my career, I developed a love for the cuisine across the two states,” Brian Bullock, COO of restaurants for Legacy says. “A few years ago, when our team at Legacy Ventures opened a restaurant on Mustang Island in South Texas, my passion for Cajun and Tex-Mex cuisine was reignited. Finally, the right opportunity came around to create a restaurant serving the food we love here in Atlanta.”
Currently under construction, the two-story restaurant, designed by local Atlanta firm ASD|SKY, has 8,000-square-feet that includes a large bar and an outdoor patio overlooking the new greenspace at Centennial Olympic Park.
TODAY’s Best Weekend Getaways Feature Glenn Hotel, Game-X, & Twin Smokers BBQ
What to do: Explore many different activities in Centennial Olympic Park like the Georgia Aquarium. ... Take a break for some gaming fun and dinner at nearby Game-X or try some of the city’s top barbecue at Twin Smokers.
Where to stay: The Glenn Hotel, Autograph Collection is a charming boutique hotel located at Marietta and Spring Streets with unique features like a chandelier of old keys and a rooftop bar with panoramic views of the city."
In an adaptive reuse project, Legacy Ventures transformed the abandoned 1923 Glenn Building into the Glenn Hotel in 2006. Today the hotel, its restaurant, Glenn's Kitchen, and its rooftop venue, SkyLounge, are operated by Legacy Ventures.
Twin Smokers BBQ and Game-X are two Legacy Ventures' owned and operated restaurant concepts.
David Marvin Participates in Hotel Management’s Executive Roundtable: Unlimiting Limited Service
Legacy Ventures Founder & President, David Marvin, recently participated in Hotel Management's Executive Roundtable: “Unlimiting Limited Service.” The event, held in March at the Hilton Atlanta, brought together leaders from several hospitality disciplines who tackled how innovation can be applied to limited-service properties without losing sight of the segment’s traditionally tight operating model. While limited service is defined traditionally as not having robust food-and-beverage offerings, Marvin observed, “If you can smartly pair those uses and engineer the economics between them and have a good operating model, everybody gets what they want.”
STATS Brewpub wins Best in Show at Big South Beer Competition
STATS Brewpub and Brewmaster Austin Edwards cleaned house at the 2019 Big South Beer Competition, winning 2 gold medals and Best In Show.
The competition encompasses 10 categories defined by the BJCP Beer Style Guidelines. STATS Brewpub's 300 Pilsner received a gold medal in the Lager category, and its Shooter McGavin Witbier received a gold medal in the Belgian Ale category. Shooter McGavin Witbier was voted Best in Show and the Grand Champion. In 2018 Shoot McGavin Wit received the silver medal in the Belgian Ale category.
Congratulations to the STATS Brewpub Team!
300 Pilsner and Shooter McGavin Witbier are served at Legacy Ventures' Restaurant Row (STATS Brewpub, Max’s Coal Oven Pizzeria, and Twin Smokers BBQ). Growlers and four-packs are also available for purchase at STATS Brewpub. STATS Brewpub is owned and operated by Legacy Ventures.
Legacy Ventures Team Members Take Home Seven Awards at the GHLA Stars of the Industry Celebration
EATER Names SkyLounge One of Atlanta’s Top Rooftop Patios
Glenn Hotel's rooftop venue, SkyLounge, continues to make the list with its horizon-level views of Centennial Olympic Park. SkyLounge was created as part of Legacy Ventures' adaptive reuse of the historic Glenn Building in 2006. Today, Glenn Hotel, Glenn's Kitchen, and SkyLounge are managed by Legacy Ventures.
Hilton Signs as Lead Sponsor for Castell Project’s Ladder Up Campaign
"Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, this week launched its “Ladder Up” capital campaign. With a goal to raise $1 million, the organization also announced that Hilton has signed on as the lead sponsor with a $100,000 donation to launch the campaign.
'While myriad international studies show that companies with gender-diverse leadership drive higher profits, female representation at the higher levels of the hospitality industry is lacking,” said Peggy Berg, president, Castell Project, Inc. “The Castell Project is taking active steps towards seeing women hold a minimum of one in three leadership positions, including ownership, at all levels of the hospitality industry. These funds will be used to help women climb the corporate ladder as we reach for this goal.'"
Legacy Ventures' VP of Operations - Hotels, Eve Moore, is proud to be a Founding Member of the Castell Project and to serve on its Board.
Giving Kitchen Receives James Beard Foundation’s Humanitarian of the Year Award
Giving Kitchen is this year’s recipient of the James Beard Foundation’s Humanitarian of the Year award, which is given to an individual/organization whose work “in the realm of food has improved the lives of others and benefited society at large.”
Giving Kitchen is a non-profit organization that provides stability to the food service community in Georgia through financial assistance, by creating a hub of community resources, and by fostering a restaurant community where self-care is valued above all else. Since the organization was founded in 2012, it has provided “over $2.4 million in financial assistance through the Crisis Grants program and over 1,000 referrals to community resources through the Stability Network program.”
Legacy Ventures’ COO of Restaurants, Brian Bullock, is proud to serve on the Giving Kitchen Restaurant Board.
Atlanta Business Chronicle: Atlanta Prepares to Feast on Super Bowl Business
Founder David Marvin Interviewed by Bisnow on Atlanta’s Super Bowl Bump
Travel Pulse Recognizes The American Hotel for Revolutionary Five Feet to Fitness Guest Rooms
Food & Wine: Der Biergarten one of America’s 15 Best Beer Gardens
Food & Wine includes Legacy Ventures' owned & operated Der Biergarten on its list of "America's 15 Best Beer Gardens".
Embassy Suites Centennial Olympic Park Chosen for Atlanta Arts & Entertainment District
Eater Names STATS Brewpub One of Best Sports Bars to Watch College Football
Eater Atlanta named STATS Brewpub one of the best sports bars to watch college football: "STATS in downtown Atlanta is the ultimate sports bar with likely more televisions than any other bar on this list. There’s even a ticker constantly spitting out the latest scores above the bar. In 2017, STATS upped the ante for other sports bar in town by transforming into a brewpub. The brewery is located in the lower-level events space. STATS dedicates six taps to in-house brews, in addition to its expansive beer list. There’s a rooftop bar here, too."
Atlanta Business Chronicle: “Legacy Ventures Pitches New Sandy Springs Hotel”
Atlanta Business Chronicle featured Legacy Ventures' new Sandy Springs hotel development: "A veteran Atlanta hotel and restaurant developer is proposing a new hotel in Sandy Springs. Legacy Ventures is planning a 186-room Hyatt House at 5775 Peachtree Dunwoody Road, near Sandy Springs’ 'Pill Hill' and its cluster of hospitals. The hotel would include 2,500 square feet of meeting space, a pool and fitness center, and breakfast and dinner service."
Chef Christopher Blobaum Promoted to Vice President of Food & Beverage
SkyLounge Recognized by U.S. News & World Report as One of the Best Rooftop Bars Around the World
Legacy Ventures is proud to announce that U.S. News & World Report has recognized SkyLounge as one of the "50 Top Rooftop Bars Around the World". Located atop the historic Glenn Hotel, SkyLounge offers impressive, horizon-level views of Downtown Atlanta. Always a favorite locally, SkyLounge has also be recognized by Eater Atlanta as one of the 16 hottest rooftops for enjoying patio season.
The Glenn Hotel, its restaurant, Glenn's Kitchen, and SkyLounge are operated by Legacy Ventures.
110 Marietta Street, Atlanta, Georgia 30303
STATS Brewpub Takes Home Silver Medal for its Shooter McGavin Witbier
Legacy Ventures is proud to announce that STATS Brewpub won a Silver Medal at the Big South Beer Competition and Festival for its Shooter McGavin Witbier! This is a big win for STATS Brewpub’s very first entry in a beer competition. Big South brought together 30 of the top local, regional and national breweries, including Sierra Nevada, Twains Brewpub, Wicked Weed, and Goose Island. The beers were blind critiqued by Beer Judge Certification Program certified judges. Area General Manager Troy Landrey and Brewer Austin Edwards represented STATS Brewpub at the competition, which benefits Children’s Charities.
STATS Brewpub has been brewing craft beer since its 10th anniversary in 2017 and is owned and operated by Legacy Ventures.
300 Marietta Street, NW, Atlanta, GA 30313