 |
| Greg Friedman |
ATLANTA, GA —Officials of Peachtree Hotel Group, one of the
nation’s fastest growing hotel investment and management platforms, announced
that it completed seven hotel transactions during the summer of 2014.
The seven assets are a combination of mortgage notes, real
estate acquisitions, majority interest investments, and bridge loans.
“We have now met our 2014 goal of adding up to 14 new assets
to our hotel portfolio, and we still have plenty of time to far exceed those
aggressive numbers and make this a record year for Peachtree,” said Greg
Friedman, Peachtree CEO. “We remain
a nimble investor, capable of executing quickly for the right investment
opportunities.”
“The hospitality industry continues its upward trajectory in
terms of both rate and occupancy, and we continue to be an active player as
investment opportunities come to market,” said Jatin Desai, Peachtree
CIO.
 |
| Mitul Patel |
“We have put the teams in place to maintain rapid, but
measured growth, and we expect to maintain our current pace of activity in the
select- and limited-service hotel arenas for the foreseeable future.”
From May 30th through August 22nd, Peachtree transacted on
the following:
“Not only have we enjoyed unprecedented growth this year,
but we have achieved operational high water marks, as well,” said Mitul
Patel, Peachtree COO.
“We continue
to experience robust growth in room revenues and profitability across our
portfolio of hotels due to the surging economy coupled with the implementation
of our revenue management strategies and operating disciplines.”
For more
information, please visit www.peachtreehotelgroup.com.
For a complete
copy of the company’s news release, please contact:
Chris Daly, media
(703) 435-6293
No comments:
Post a Comment