Wednesday, September 10, 2014

Peachtree Hotel Group Completes Seven Hotel Transactions during Summer 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 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

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