Atlanta Downtown: W Hotel owners working to prevent foreclosure

By editor | Published: March 27, 2010

A junior lender on the W Atlanta-Downtown hotel and condos at Allen Plaza has advertised the posh hotel for foreclosure, but the project’s developer said Wednesday he is in talks to restructure the debt and save his interests in the luxury high-rise.

Hal Barry, CEO of Barry Real Estate Cos., said he is working with his lenders on a restructuring to prevent a forfeiture of the property.

“We’re looking to do a total restructuring that does not involve a foreclosure,” Barry said in an interview with Atlanta Business Chronicle.

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