CIM Group Announces Grand Opening Date for Hotel Phoenix at Centennial Yards

A Bold New Beacon of Atlanta Hospitality Opens December 1, 2025

CIM Group announced today that Hotel Phoenix will open its doors to guests on December 1. Hotel Phoenix marks a historic milestone as the first hotel to open at Centennial Yards, the $5 billion, 50-acre mixed-use redevelopment transforming Downtown Atlanta.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251118503296/en/

Centennial Yards is being transformed into a dynamic mixed-use destination encompassing several new city blocks with 8 million square feet of commercial and residential space. Plans include 4 million square feet of retail, entertainment, office, and hotel space, approximately 2,000 new residences, and interactive public gathering spaces designed to benefit both Atlantans and visitors. Centennial Yards Company was created by CIM Group to act as the owner and master developer of Centennial Yards.

Hotel Phoenix is a 19-story, ground-up development featuring 292 guest rooms, rising on the very site where Atlanta’s history began. Named for the mythical phoenix—a symbol of renewal and resilience—the hotel reflects the city’s remarkable rebirth following its destruction in the Civil War. It honors Atlanta’s legacy of transformation while helping shape its future.

“Hotel Phoenix was designed to make every guest feel the essence of Atlanta the moment they arrive,” said Gary Schweikert, Managing Director, Hospitality at CIM Group. “From its warm, modern interiors to its vibrant dining and gathering spaces, the hotel celebrates the city’s creative energy and genuine sense of welcome.”

As one of the first ground-up developments at Centennial Yards, Hotel Phoenix stands as a bold symbol of progress within the 50-acre district, setting the stage for future residential, retail, entertainment, and cultural destinations that will redefine the city.

“The opening of Hotel Phoenix is a pivotal moment for Centennial Yards and for Downtown Atlanta,” said Brian McGowan, President of Centennial Yards Company. “It reflects our commitment to building a vibrant, inclusive district that brings people together; the hotel epitomizes the economic rising of Downtown Atlanta.”

Hotel Phoenix features 292-guest rooms, including 15 suites and penthouse, that spans 19 floors with sweeping floor-to-ceiling views, joining the illustrious Preferred Hotels Resorts L.V.X portfolio. The architecture and interior design of Hotel Phoenix draws inspiration from Atlanta’s historic rail system, balancing the space’s modern industrial edge while reflecting the surrounding historic architecture of downtown Atlanta’s civic and government landmarks. The property also features a curated art collection showcasing works by local and national artists.

Guests can enjoy Zephyr, Hotel Phoenix’s signature restaurant serving French-inspired Southern cuisine, and Bar Z for all-day drinks and light fare. Additional amenities include a state-of-the-art fitness center, resort-style terrace lounge and pool (opening in spring 2026), and over 15,000 square feet of event space, including an over 8,200-square-foot ballroom.

Hotel Phoenix joins The Lofts at Centennial Yards South—a thoughtfully restored historic apartment community—and The Mitchell residential tower, reinforcing the district’s growing blend of hospitality and urban living. Together, these additions reflect Centennial Yards’ bold vision to transform Downtown Atlanta into a premier destination for living, gathering, and entertainment.

“Hotel Phoenix represents the spirit of Centennial Yards,” said Shaul Kuba, Co-Founder and Principal, CIM Group. “We are proud to shape a destination that fosters connection, celebrates Atlanta’s character, and creates opportunities for growth across the community.”

Across the street from Hotel Phoenix, the Entertainment District at Centennial Yards is revitalizing underutilized land in the heart of Downtown Atlanta into a district with immersive venues, restaurants, retail, and hospitality offerings steps away from Mercedes-Benz Stadium and State Farm Arena. With major tenants like Live Nation and Cosm previously announced, the district is set to become one of the Southeast’s premier destinations for live entertainment and culinary experiences. A variety of high-profile establishments have signed leases at Centennial Yards, including fast-casual restaurant Shake Shack and Khao Thai Isan at The Mitchell from local favorite 26 Thai.

“We’re proud to welcome guests to what we truly hope will become Atlanta’s favorite new hotel,” says Martin Wormull, General Manager of Hotel Phoenix. “Our team has worked tirelessly to create an experience that feels personal, inviting, and unmistakably connected to the city.”

Hotel Phoenix’s grand opening marks an exciting new chapter in Downtown Atlanta’s development. Reservations are available and can be made here. For more information, please visit www.hotelphoenix.com.

ABOUT HOTEL PHOENIX

Hotel Phoenix, the premier hotel at Centennial Yards, redefines Atlanta hospitality with a seamless blend of modern luxury, local culture, and warm Southern service. The property features meticulously designed accommodations, signature dining concepts Zephyr and Bar Z, a rooftop pool and event lawn, and more than 15,000 square feet of versatile event space. Ideally situated across from Mercedes-Benz Stadium and within walking distance of the Georgia World Congress Center, Hotel Phoenix stands at Mile 0, the historic terminus of the Western & Atlantic Railroad, with a commitment to honoring Atlanta’s legacy while heralding its future. For more information on Hotel Phoenix, visit the website or connect on Instagram or Facebook. Hotel bookings can be made here.

ABOUT CENTENNIAL YARDS

Centennial Yards is a $5 billion transformational mixed-use development in Atlanta, the Southeast’s biggest and most influential market. As one of the largest and most ambitious city-center developments in the country, Centennial Yards is expected to revitalize 50 acres of underutilized land in the heart of Downtown Atlanta to connect surrounding communities and create several new city blocks at the junction of the rail lines where the city was founded. Once complete, Centennial Yards is expected to offer 8 million square feet of world-class new commercial and residential space comprised of 4 million square feet of dynamic retail, entertainment, modern office, and hotel, and 4 million square feet of new residential, as well as a vibrant public realm that will provide outdoor gathering spaces to all Atlantans and visitors of Centennial Yards. Centennial Yards recently announced the additions of a Live Nation music venue and Cosm to the entertainment district.

Anchored by major Downtown attractions, including Mercedes-Benz Stadium and State Farm Arena, one of the Southeast’s largest Sports Entertainment Districts will feature restaurants, bars, a live music venue and other hospitality destinations. With multiple MARTA stations linking the campus with the rest of the city, and in close proximity to the Atlanta Beltline, Centennial Yards is expected to bring increased connectivity, walkability, and 24/7 living to the heart of Atlanta. Centennial Yards Company serves as the master developer of Centennial Yards and consists of a partnership between an affiliate of CIM Group and a group led by Tony Ressler. For more information, visit www.centennialyards.com.

ABOUT CIM GROUP

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251118503296/en/