Peachtree Increases Footprint with Acquisition of Seven Hotels
ATLANTA — Peachtree Hotel Group 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 […]
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