Paceline Equity Partners, a private equity manager, has bought The Sheraton Suites Galleria-Atlanta, a hotel located in Atlanta.

The Sheraton Suites Galleria-Atlanta features 4,000 square feet of meeting space and a 352-space parking garage.

“The Sheraton Suites Galleria-Atlanta represents our first hospitality investment in Atlanta and seventh hotel in our portfolio. The hotel demonstrated strong resilience through the pandemic and is poised to capitalize on The Battery’s embedded leisure and corporate demand drivers, particularly following the $12 million renovation we plan to execute in the near future,” said Sam Loughlin, CEO of Paceline.