It will be located just off Peachtree Street in the Underground project - a four-block redevelopment by real estate developer WRS, Inc.
Construction of the hotel is set to begin in summer 2020, with an anticipated opening date of Autumn 2022.
Once completed, Underground will have over 400,000 square feet of retail, restaurant, entertainment, event space, office, residential and student housing space. The community hub is located above the Five Points Station, with direct access to MARTA, the main transportation hub in Atlanta. It is also adjacent to the Georgia State University campus and large business global HQs such as UPS, Coca-Cola, Home Depot and Delta Air Lines.
“Atlanta is an exciting, bustling city, with one of the largest concentrations of Fortune 500 companies in the U.S. and the busiest airport in the world. Not only is it a key business hub, but also a great city to combine work with play due to its rich cultural history and famous landmarks. This is an excellent opportunity for us to put our signature modern spin on Atlanta’s southern hospitality,” said YOTEL CEO Hubert Viriot.
T. Scott Smith, president and CEO of WRS, Inc., said: “YOTEL values a forward-thinking environment and designs their hotels with independent and tech-savvy travelers in mind. It’s perfect for Underground’s location in the heart of Downtown and close proximity to Hartsfield-Jackson Atlanta International Airport.”