Hong Kong-based Mandarin Oriental Hotel Group will move its U.S. operations to Atlanta and work with a local developer to build a luxury residential hotel in Midtown.
The company’s San Francisco and New York offices will consolidate here, bringing 35 jobs on an initial investment of $1.6 million, according to a Nov. 13 Metro Atlanta Chamber of Commerce press release.
The 53-story hotel will be developed by Tivoli Properties Inc. It will have 198 hotel rooms and 71 condos.
The Atlanta Business Chronicle reported that the luxury condos within the $285 million development will be priced between $1.8 million and $15 million. It will be located at 1138 Peachtree St.
Tivoli has already sold 19 of the condominium units, the Business Chronicle cited Tivoli President and CEO Scott Leventhal as saying.
The hotel will be a glass tower that will “change the Atlanta skyline,” metro chamber President Sam Williams said in a statement.