Thursday, June 5, 2014

Peachtree Hotel Group Executes Seven Hotel Transactions during First Half of 2014


Greg Friedman
            ATLANTA, GA —Officials of Peachtree Hotel Group, one of the nation’s fastest growing hotel investment and management platforms, announced that it executed seven hotel  transactions in the first half of 2014.

 Through a combination of acquisitions, new development, and mortgage loan originations, the company remains on-track to add 12-14 hotel assets to its portfolio by year’s end.           

“As predicted, 2014 is proving to be a strong year for the hotel industry as a whole and Peachtree has enjoyed the rising tides, with our existing portfolio experiencing robust gains in RevPAR and profitability,” said Greg Friedman, Peachtree CEO.  “Our ability to deploy capital at different levels in the capital stack has allowed us to maintain a healthy pipeline of investment opportunities in this competitive market.” 

“The acquisition market remains active, and we continue to see a number of deals that excite us, both fee simple and debt originations,” said Jatin Desai, Peachtree CIO.   “We remain committed to our targeted growth plan of seeking out select-service and limited-service hotels with well-respected flags that could benefit from a change in management, capital improvements, refinancing or some combination of the three.”
  
For a complete copy of the company’s news release, please contact:

Chris Daly, media
 (703) 435-6293

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