Monomoy Property Ventures, a real estate investment firm focused on redeveloping high-value hospitality and mixed-use assets, and Axonic Capital, a real estate–focused investment manager, announced the acquisition of 590 West Peachtree Street in Atlanta. The property will soon undergo a substantial capital investment program, led by Monomoy in partnership with a best-in-class architect and design team, and be repositioned under the Marriott Hotels brand, Marriott International's flagship full-service offering. Monomoy and Axonic have selected Schulte Hospitality Group as the property management company.
"This project aligns with Monomoy's track record of acquiring high-quality real estate in growing markets with creative repositioning potential," said Kevin Vaughan, founder and managing partner at Monomoy. "Through a major renovation and conversion to The Marriott Atlanta, we are excited to create a strong product-market fit for the Atlanta traveler and deliver attractive o
