The Clermont Hotel has been sold to a team of Nashville and New York developers who intend to turn the property into a boutique hotel. The bellwether of the “old”, bawdy Ponce de Leon Avenue stands on its southern side at Bonaventure. The Clermont was built in the 1920s and was closed on orders of county health inspectors in 2009. No word on the fate of the (in)famous Clermont Lounge in the basement, a magnet for visiting celebrities and known for its aging strippers (read more at the Business Chronicle or at the AJC).
The team that bought the Clermont also owns the Oliver boutique hotel in Knoxville, Tennessee, in which they also renovated a historic landmark.
It seems that new and interesting development to Virginia-Highland’s immediate south is unstoppable and not just limited to the massive Ponce City Market project. At the Stove Works in Inman Park there are plans to add an epicurean market (read more at Creative Loafing or Atlanta Intown).