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Price Revealed

Records show the Clermont Hotel — the risqué Poncey-Highland landmark that recently put Anthony Bourdain under its bizarre spell — fetched $2.25 million when developers scooped it up this month to flip it into a boutique hotel. That's a steep discount from the Clermont's last sales price ($3.4 million) in 2003. An industry expert says the property could double as a "budget" boutique hotel and oxymoron. [Atlanta Business Chronicle]