Greg Friedman |
“We have capitalized on the dislocation created
by the pandemic with investments in assets at a lower cost basis than
pre-pandemic pricing,” said Greg Friedman, Peachtree’s CEO.
“Our strategy of opportunistically pivoting as the markets change allows us to capitalize on investments during any cycle.”
Peachtree has focused on investing in
opportunistic real estate in distressed, under-capitalized or underperforming
hospitality assets throughout the U.S. because of the disruption in the
economic environment brought on by the pandemic.
The company
acquired, operated and disposed of equity interests during this period and
invested in preferred equity, debt or debt-like positions in primarily
premium-branded, limited- and select-service hotels.
“We have been able to draw on our team’s deep
experience, longstanding relationships and ability to navigate changing
dynamics to source investment opportunities," Friedman said.
"The
current landscape has potentially widened our opportunities for attractive
undercapitalized assets and assets within the hospitality sector experiencing
increasing demand.”
CONTACT:
CHRIS DALY
PRESIDENT
DG Public Relations, LLC
42806 Oatyer Court
Broadlands, Va. 20148
Main: 703-435-6293
Mobile: 703-864-5553
chris@dalygray.com | www.dalygray.com
Charles Talbert
678-823-7683
ctalbert@peachtreehotelgroup.com
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