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| 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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