We have built a number of tools to allow you to give us feedback throughout the process so your restoration turns out the way you want it. We work with you to dial-in your settings and parameters so you get the fit you like every time. “So why try to catch a falling knife when you can just drop it right now, walk away and let the commercial bank deal with it. Argen has a team of professional and experienced designers who work onsite at our offices. “They’re looking two-to-five years out and they don’t see a rebound,” he said. Tierney expects more building owners, especially those with older assets, may decide that foreclosure is the best option. Real estate publication Bisnow first reported Apollo’s designation of the Sheraton loan as being at risk of foreclosure.ĭowntown properties have been the first to feel the weight of rising interest rates and changing workplace trends, but real estate analysts predict the effects will continue. Book your tickets online for Hängebrücke Uber die Argen, Kressbronn: See 48 reviews, articles, and 56 photos of Hängebrücke Uber die Argen, ranked No.1 on Tripadvisor among 7 attractions in Kressbronn. “When you read about where people were going, they were going to the mountains or the beach… so Atlanta hotels, the Sheraton being one of them, didn’t really feel that boom.” “Atlanta is not a holiday destination for most people,” he said. But Tierney said most downtown Atlanta hotels were still struggling despite the uptick in vacation travel. Another $28 million in debt was secured in 2019, with Arden also investing an additional $7 million in renovations.Īrden placed Sheraton Atlanta up for sale in 2021 amid the hospitality industry’s recovery, the Atlanta Business Chronicle reported at the time. The Philadelphia-based commercial real estate management company paid $64.2 million and took out a $77 million senior mortgage with Apollo. The hotel, which was built in 1965 and originally branded as Marriott Motor Hotel, was acquired by Arden in 2017. vacationsĪs the metro area’s sixth largest hotel, Sheraton Atlanta has been a fixture of the city center’s convention and business travel ecosystem. “The Fed is dead set on continuing to raise rates, and that’s going to create particular pressure on assets that have not yet fully recovered, even for assets that have recovered,” Davis said. He called the Sheraton’s loan troubles “a bit of a sideshow - not the main event.” Kevin Davis, CEO of Jones Lang LaSalle Hotels & Hospitality for the Americas, said Sheraton’s fate could signal hard times for similar hotels in major cities. Guests at the Sheraton are unlikely to see any changes to operations as it’s in the interests of Arden and Apollo to keep things running smoothly and maximize the hotel’s value. Arden declined to comment, and Apollo did not respond to requests for comment. Parc en Ciel (located in Lacapelle Biron northwest of Agen) features a zoo, various gardens, waterfalls, a farm, duck lake, obstacle course, and mini-golf.It is possible Apollo and Arden could come to an agreement that would forestall foreclosure.It also houses a great variety of rare species. The exhibits include a Zen garden, exotic garden, and botanical garden. Végétales Visions (located in Colayrac Saint Cirq near Agen) features an awe-inspiring mix of plants from five continents.In July and August, there is a shuttle from the Agen train station to Walibi. There are also several rides for younger children, as well as a host of water rides (including white-water rafting on a constructed river). Thrill-seekers should hop on the Scratch roller coaster or speed along in the Boomerang double-loop coaster. Walibi Sud-Ouest amusement park sits on 75 acres and features an actual 18th-century castle.There is a prune maze open from July through September, and the shop presents prunes prepared almost every way imaginable. La Musée Pruneau Gourmand (located in Granges-sur-Lot near Agen) is the prime destination for those interested in Agen’s most famous crop as the museum traces the colorful history of the area’s prunes.Take a walk along the banks of the River Garonne, one of the five major rivers of France, for lovely views of the town.Walk down rue Beauville with its restored medieval houses, through the Place des Laitiers that has been the major trading place since the Middle Ages, then down the rue des Cornieres with its half-timbered houses.Check out its showpiece: the Venus de Mas, a 1st-century B.C. Housed in two old red brick 16th- and 17th-century mansions, it's well worth a stroll through to see the comprehensive collection of prehistoric and mineral collections as well as beautifully carved capitals with leaves and animals in the medieval archaeology section. Start at Place Docteur-Pierre-Esquirol, a gracious square with its old town hall, theater, and Musée des Beaux-Arts (Fine Arts Museum).Get maps and directions from the tourist office, or take an organized guided tour. Visit the historic Place des Laitiers on Saturdays for the organic market. Open mornings daily, this is the prime spot to find local delicacies, produce, and meats. No visit to Agen is complete without a stop at the city’s covered market, located across from the Tourism Office.
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