You don’t have to live in Atlanta long to know about the Clermont Lounge.

The strip club that sits in the basement of the of the now closed Clermont Motor Hotel has been a destination for those looking to get a glimpse at the club’s unique group of aging strippers.

Now a group of developers from Nashville and New York sees the hotel as a destination of another sort.

The group has bought the vacant hotel and wants to turn “to redevelop as a boutique hotel,” according to a news release issued Wednesday.

Ethan Orley, who along with Philip Welker controls Clermont Hotel Partners LLC, said the partners would further detail their plans in coming weeks. The sale price was not released.

“We are thrilled to have the chance to reimagine the Clermont as a great hotel,” Welker, the principal of real estate firm BNA Associates and Clermont Hotel Partners, said in the release.

The building, “has all the right ingredients to become not only a destination boutique hotel for Atlanta, but for the Southeast,” said Welker.

The hotel was originally built as an apartment building in the 1920s. It was then converted to a hotel in the 1940s, and shut down by the health department at the end of 2009.

It is not clear what will happen to the Clermont Lounge under the new management.

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