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HomeNewsBusiness WirePeachtree Increases Footprint with Acquisition of Seven Hotels

Peachtree Increases Footprint with Acquisition of Seven Hotels

ATLANTA–(BUSINESS WIRE)–Peachtree Hotel Group (“Peachtree”) continues to capitalize on the hotel industry’s recovery by acquiring seven premium-branded hotels for approximately $135 million. The acquisitions, totaling 829 rooms, include six Hilton hotels and one Marriott hotel. All hotels will be operated by Peachtree Hospitality Management (“PHM”), a division of Peachtree.

“These acquisitions are complementary to our existing portfolio of high-quality, well-located assets with strong demand generators,” said Brian Waldman, Peachtree’s executive vice president, investments. “We experienced an uptick during the second half of 2021 for hotel acquisition opportunities, and these seven properties are a continuation of our strategy to benefit from the ongoing recovery in hospitality.”

The acquired properties include:

“We are excited to add these hotels to our portfolio, furthering our growth and footprint across the country,” said Patrick Short, PHM’s president. “These hotels offer exceptional operational value-add opportunities for potentially decreased expenses and increased efficiencies with our property management takeover.”

As of March 16, 2022, Peachtree manages 81 hotels, across 23 brands with 9,813 rooms located in 18 states.

“The hospitality industry is in a sustained recovery cycle, which is boosting hotel fundamentals,” said Waldman. “We continue to believe hotels, which are an effective inflation-hedging investment, will remain among the strongest real estate sectors for investing.”

About Peachtree Hotel Group

Peachtree is a real estate private equity investment firm investing primarily in hospitality. Since its founding in 2008, the company has completed hundreds of real estate investments valued at more than $6.0 billion in total market capitalization, and currently has $2.1 billion in equity under management. For more information, visit www.peachtreehotelgroup.com.

About Peachtree Hospitality Management

Peachtree Hospitality Management, a division of Peachtree Hotel Group, is a hotel management company that creates loyalty across all stakeholders – team members, guests and owners. PHM’s proprietary systems and processes maximize financial performance and value of every asset, deliver efficiencies and enable hotel teams to provide guests with an uncommon customer experience. PHM manages the performance of 81 hotels, across 23 brands with 9,813 rooms located in 18 states. In 2020, PHM ranked #40 on Hotel Business’ top hotel management companies. For more information, visit www.peachtreehotelgroup.com.

Contacts

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

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