Monomoy Property Ventures and Axonic Capital Acquire 590 West Peachtree Street in Atlanta; Plans Conversion to Flagship Marriott Brand
Monomoy Property Ventures ("Monomoy"), a real estate investment firm specializing in high-value hospitality and mixed-use assets, and Axonic Capital, a real estate-focused investment manager, have acquired 590 West Peachtree Street—currently operating as Crowne Plaza Atlanta Midtown. The property will undergo a significant renovation led by Monomoy and a top-tier design team, transforming it into The Marriott Atlanta, a flagship under the Marriott Hotels brand. Kentucky-based Schulte Hospitality Group has been selected to manage the property.