The downtown development authority has sold the building to Jonesboro, Georgia-based community development partners
Planners say the old Mitchell House Hotel in downtown Thomasville will be transformed into about three dozen condominiums.
Karen Smith, Mainstreet director, said, "We are so excited. This is definitely the missing piece for downtown is to have more downtown living and I think this will take us to the next level, you'll see a lot of activity going on and people spending more time in our downtown area."
A starting date for renovations on the building has not been announced.