Atlanta-based RevPAR Development has announced plans to build a 166-room Element hotel next to the Prominence office tower in Buckhead. The six-storey hotel will be next to Mill Creek Residential's planned 320-unit mixed-use apartment project at the site.

RevPAR Development president Pete Patel said the firm is working on obtaining construction financing with plans to break ground on the hotel by the first quarter of 2018, with the hotel opening by 2020.

"There's definitely demand for high-end extended stay hotel rooms," Patel said,

The property will be Starwood's first Element in Atlanta. The eco-friendly brand is expected to open another 22 hotels in the US and Canada by 2018, including locations in Philadelphia, Charleston and Nashville and up to eight locations in Texas. The Element extended-stay brand uses natural light, healthy options, a 24-hour fitness centre and studio and one-bedroom suites with fully equipped kitchens.