Atlanta’s historic Clermont Hotel (a city landmark) has been sold to Philip Weker and Ethan Orley of Clermont Hotel Partners LLC, a commercial venture that plans to remodel the aging Clermont into a trendy boutique hotel. The hotel’s famous and boisterous basement lounge will remain open, though the long term fate of the lounge is unknown.

The famous Clermont Hotel is located in the Poncey-Highland neighborhood that attracts young professionals and destination shoppers. Tattoo parlors and a flagship Urban Outfitters are also in the neighborhood. The Atlanta movers are curious as to what renovations the team has in mind and what sort of style they will bring to update the old building. New developments are also coming to the nearby the Virginia-Highland and Old Fourth Ward areas.