A fresh round of financing has just cemented plans for a new hotel in North Fulton’s most celebrated development.

HALL Structured Finance (HSF) announced this week that it has closed a new first lien loan of $14.6 million that will kickstart construction of Georgia’s first Even Hotel.

The six-story, 132-room structure will be in Alpharetta will be located across from the Avalon development.

 InterContinental Hotels Group will be the project’s manager and joint venture partner while Noel Epelboim, CEO and president of Epelboim Development Group LLC, has been tapped as the project’s sponsor and developer.

Georgia’s First Even Hotel Set For Alpharetta

“The high quality of IHG’s EVEN™ Hotel product, the strong business climate and growth taking place in Atlanta’snorthern suburbs, and the trusted sponsorship with Noel Epelboim and his team all made this an ideal project for us to finance,” Mike Jaynes, President of HALL Structured Finance said in a statement. “This is the second EVEN™ Hotel we have financed with Epelboim Development Group, and we believe that the addition of an EVEN™ Hotel neighboring Alpharetta’sAvalon development will be a great success.”

“As the first EVEN™ Hotel product developed in the state of Georgia, the project’s location in close proximity to IHG’s headquarters and northern office will make it a flagship for the EVEN™ brand, ensuring the highest quality and innovative design,” said Noel Epelboim, principal at Epelboim Development Group. “HSF understood this vision for the hotel and used their combined expertise in real estate and finance to help us secure this loan and move forward with the hotel’s development.”