One of the most alluring attractions in Atlanta, the High Museum of Art could soon have a luxury hotel across the institution. A broadcasting company executive, Alvin D. James has said to have purchased the land required for this ambitious project from the CEO of John Wieland Homes & Neighborhoods Inc, John Wieland, who is well renowned as a highly successful metro Atlanta home builder.
Mr. James has envisioned a 250-room, five-star hotel in front of the High Art Museum, a location that was previously marked for the construction of the $325 million One Museum Place condominium project that was abandoned by Mr. Wieland in the year 2007, as the housing market crisis raised its ugly head. The all new proposed hotel project is expected to be completed in the year 2012 and Alvin D. James is said to be in talks with three international hotel brands so as to get a brand name for the hotel and as per James, an European hedge fund is apparently proving 100% funding for the $350 million project.
Alvin D. James is known to have 25 years of experience in broadcasting the industry, as in the year 1999 he became the co founder of the MBC Network (Major Broadcasting Cable Network). So far, Mr. Wieland ha confirmed that the land has indeed been give to James on a contract basis and the deal is expected to be finalized by June this year.