ATLANTA -- Construction has begun on a new Hyatt House hotel near the Georgia Aquarium.
A joint venture between Ameripark CEOChip Patterson and Rhode Island-based TPG Hospitality on Jan. 2 announced work has started on the 150-room hotel at Ivan Allen Boulevard and Luckie Street.
Atlanta Business Chronicle first reported plans for the project in August.
It will be Georgia's second Hyatt House, an extended-stay brand from Hyatt Hotels & Resorts. The first is near the Cobb Galleria.
"The Hyatt House brand is an exciting and modern hotel concept designed to meet the stringent demands of the extended stay consumer," Brett Lasher, vice president of real estate and development for Hyatt, said in a statement. "We believe strongly that Hyatt House at Georgia Aquarium will be an outstanding and preferred addition to the area's hospitality offerings."
The hotel should open in 16 months, according to an announcement.
Patterson will serve as the local developer and construction manager. He's been involved in projects including the former Palomar hotel in Midtown.
TPG Hospitality, an affiliate of The Procaccianti Group, will manage the Hyatt House.
It's not the only hotel project in downtown.
Atlanta-based Legacy Property Group LLC is planning to build a 129-key Homewood Suites by Hilton. The all-suites hotel would sit along Marietta Street near Centennial Olympic Park in the Luckie-Marietta District.
Arsenal Capital Partners also is planning to transform downtown's Walton building into a 110-room hotel. The circa-1910 structure is located at 85 Walton Street.
(Atlanta Business Chronicle)