Monday, January 28, 2013

Peachtree Hotel Group Finishes 2012 with 31st Acquisition in Last 24 Months

Greg Friedman
 ATLANTA, GA, Jan. 28, 2013—Officials of Peachtree Hotel Group, one of the nation’s fastest growing hotel acquisition, management, development and ownership groups, today announced that it closed 2012 by completing 31 acquisitions over the past 24 months.

 The most recent was the portfolio purchase of two non-performing hotel first mortgage notes – the 135-room Hilton Garden Inn – Virginia, and the 60-room Best Western – Florida from a regional bank. 

Company executives also divulged that Peachtree plans to maintain one of the industry’s most aggressive acquisition paces of one to three hotels per month for at least the next 12 to 18 months.

 “Our unique, two-fold acquisition strategy of purchasing both hotel real estate and discounted first mortgage notes has enabled us to grow rapidly over the past two years while most other industry players have been on the sidelines,” said Greg Friedman, Peachtree CEO. 

“To support this growth, we continuously have added bench strength to give our organization the strength and flexibility to handle the growth we’ve enjoyed. 

“Our core team has more than 150 years of collective experience, and we’ve added key players in all facets of the business, including acquisitions, asset management, operations, accounting and marketing to support our expansion.” five years,” Friedman said.

 “This is not a sideline business for us or a way to spread our overhead.  We believe we add significant value for our owners’ hotels through best-in-class practices and support, which will allow us to expand rapidly in this sector.”

 For a complete copy of the company’s news release, please contact:

Chris Daly, media
(703) 435-6293

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