The Clermont Hotel is quite a colorful listing and we're proud to be marketing such a classic piece of Atlanta history. I've been asked, "why are they selling this now?", eluding to the downturn in the economy as a valid reason for questioning the sale. It's simple, if you want to sell something, and everything out there is seeing a decrease in value, pick a property that is extremely unique and you'll have a competitive advantage over the unknown and nondescript and in doing so command a premium price with less competition.
To my knowledge, there are few properties in the entire city of Atlanta as unique as the Clermont. Built in 1924, as an apartment building and then transformed into the Clermont Motor Lodge in 1940, the building has a rich history on fabled Ponce de Leon Avenue. On top of tenure, the Clermont also has a killer location. Additionally, and most notoriously, it boasts home to the city's longest standing strip club, the Clermont Lounge. The Lounge is a dive-bar where fan favorite Blondie will give you a lap dance, crush a beer can between her breasts and then give it to you as a souvenir...how's that for a hotel amenity? For a buyer, getting something that no-one else can duplicate is worth the price of admission.
To recap, we've got a great property with cachet, culture and character in a great location and it's for sale when the rest of the properties look like picked-over piles of old clothes. So, for a good time and a great property, come check out the Clermont...personality it does have.
NPR interviews Gene Kansas regarding sale of the Clermont
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