Developers Surrender CrowdStreet-Funded Buckhead Hotel To Lender
Atlanta developers Loudermilk Cos. and Regent Partners broke ground on the 201-room Thompson Buckhead hotel in March 2020, raising millions from internet investors through crowdfunding platform CrowdStreet.
Despite somehow opening on schedule and under budget in December 2021, and after capital calls to investors and a cash infusion from Hyatt Hotels Corp., the project never turned a profit. Now it is in the hands of its lender, leaving its investors high and dry.
Atlanta developers Loudermilk Cos. and Regent Partners broke ground on the 201-room Thompson Buckhead hotel in March 2020, raising millions from internet investors through crowdfunding platform CrowdStreet.
Despite somehow opening on schedule and under… Read MoreBisnow News Feed
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