To keep the Hilton brand for the Hilton Atlanta / Marietta Hotel & Conference Center, the Marietta City Council voted on May 8 to amend the lease with Marietta Leasehold L.P. and the renovation plan.
Later this year, the Council will consider whether to authorize the funding of $15 million for the hotel’s renovation at 500 Powder Springs St.
Remington Lodging and Hospitality, LLC, the tenant, would repay the $15 million and all interest to Marietta at nearly $2 million each year.
Also, Remington would put aside funds every year for future renovations and comply with Hilton Brand Standards.
The current lease term will be extended from June 30, 2028 to Dec. 31, 2054.
Also, Marietta will take control of the remainder of the Gardens which are associated with Brumby Hall, now the new home of the Marietta Gone With the Wind Museum.
During the public comment portion, Marietta resident Larry Wills questioned the “complicated contract” and expressed concern about adding $15 million now to the $14 million from the 2008 renovations to the hotel.
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