Development Authority of Fulton County Agenda April 2026
Avalon Hotel bond project assignment approved
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Description
The Development Authority of Fulton County approved a second assignment of the Avalon Hotel project, transferring the existing leasehold and bond-related agreements from GPIF Hotel at Avalon Owner LLC to Alpharetta Investment Operations LLC. The change in ownership is expected to leverage the assignee’s real estate expertise for the Alpharetta hotel asset.
Contract Details
Vendor
GPIF HOTEL AT AVALON OWNER LLC
Agency
Housing Authority of Fulton, KY
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
Assignment expected to close 2nd Quarter 2026
Renewal Info
Second assignment of existing project agreements, including bond lease and related documents, to new assignee.
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