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The owners and developers of Centennial Yards recently marked a milestone with the topping out of the development’s first hotel.

Hotel Phoenix is expected to open in summer 2025. It is located at 70 Centennial Olympic Park Drive NW, across from the Mercedes-Benz Stadium. The location also has historic ties to the city, being situated at the Western & Atlantic Railroad terminus, which was significant to the city’s beginnings and development.

The hotel will feature 292 guest rooms, including 15 suites and penthouses, featuring panoramic city views from expansive windows and private balconies. There will be a lobby coffee bar, a full-service all-day restaurant and bar, and a rooftop restaurant with a private elevator entrance.

Hotel Phoenix will also have about 15,000 square feet of flexible event space, including an 8,000-square-foot ballroom and an outdoor event lawn. Guests can also expect a fitness center and a resort-style pool with private cabanas.

The design will draw inspiration from Atlanta’s railroad legacy and industrial roots, with materials like polished metals, reclaimed wood and stone finishes and lines in the architecture that are reminiscent of railway tracks.

“Centennial Yards is proud to be an important part of revitalizing Downtown Atlanta while honoring its rich history,” Centennial Yards President Brian McGowan said in a statement. “Hotel Phoenix is located on a site with deep historical meaning, inspired by the mythical creature of the same name. Just as Atlanta once rose from the ashes of a fire, symbolizing renewal and growth, Centennial Yards is also emerging from its past. After many years of being underused, we look forward to contributing to the lively Atlanta that everyone in this city deserves.”

Centennial Yards is an approximately $5 billion, 50-acre mixed-use development taking shape in downtown Atlanta.

Hotel Phoenix and the apartment tower The Mitchell both started construction in November 2022. The Mitchell held its topping-out in August 2024, with completion expected by summer 2025. It also recently signed its first restaurant lease with Khao Thai Eatery, which will offer Thai tapas and cocktails by 26 Thai.

Centennial Yards also began work earlier this year on its 8-acre entertainment district, which will feature 480,000 square feet of entertainment, retail and dining space. A significant feature of this district will be Cosm, an immersive entertainment venue, and a fan gathering plaza expected to attract visitors during the 2026 FIFA World Cup in Atlanta.

​ Real Estate, Brian McGowan, Centennial Yards, downtown atlanta, Hotel Phoenix The 292-room Hotel Phoenix next to Mercedes-Benz Stadium is expected to open next summer. Read MoreWhat Now AtlantaReal Estate – What Now Atlanta