peachtree hotel group
HRI Hospitality to Break Ground on Caption by Hyatt Nashville in the Gulch District
Caption by Hyatt | March 6, 2023
NASHVILLE, TN. (March 6, 2023): HRI Hospitality (HRIH), a fully integrated real estate firm based in New Orleans, in partnership with C. B. Ragland Company, a Nashville-based real estate company, and Peachtree Hotel Group, an Atlanta-based hotel investment company, announces the financial closing for the ground-up development of a new 210-room Caption by Hyatt hotel in the Gulch District of downtown Nashville, Tenn. The construction financing will be provided by Truist Financial Corporation and its syndication partner, Commerce Bank. The hotel is scheduled to break ground this month and debut in late 2024. This will mark HRIH’s 32nd prope...
Peachtree Hotel Group Acquires the Canopy Atlanta Midtown Hotel
Peachtree Hotel Group | July 27, 2022
ATLANTA (July 27, 2022) – Peachtree Hotel Group ("Peachtree") announced the acquisition of the 176-room Canopy by Hilton Atlanta Midtown hotel in Atlanta, Georgia. Peachtree Hospitality Management ("PHM"), a division of Peachtree, will operate the property. The 15-story lifestyle hotel that opened in 2018 is ideally located in Midtown Atlanta, one of the region's defining urban districts, combining the largest concentration of arts and cultural attractions and businesses in the Southeast. "Midtown Atlanta is one of the hottest markets in the country right now, and we are excited to be able to make this investment in our backyard," said...
Peachtree Acquires Seven-Hotel Portfolio for $135 Million
Peachtree Hotel Group | March 22, 2022
ATLANTA, GA – March 22, 2022 – Peachtree Hotel Group (“Peachtree”) continues to capitalize on the hotel industry's recovery by acquiring seven premium-branded hotels for approximately $135 million. The acquisitions, totaling 829 rooms, include six Hilton hotels and one Marriott hotel. All hotels will be operated by Peachtree Hospitality Management ("PHM"), a division of Peachtree. "These acquisitions are complementary to our existing portfolio of high-quality, well-located assets with strong demand generators," said Brian Waldman, Peachtree's executive vice president, investments. "We experienced an uptick during the sec...
Peachtree Hotel Group Completes Record-Breaking Year With $2.0 Billion of Real Estate Investments
Peachtree Hotel Group | January 31, 2022
ATLANTA, GA – January 31, 2021 – Peachtree Hotel Group (“Peachtree”), a real estate private equity investment manager, announced that its total investment activity for 2021, inclusive of acquisitions, developments, lending and hotel investments, amounted to a record of $2.0 billion in total capitalization through 140 transactions. "We are extremely pleased to have completed an extraordinary year of investment activity," said Greg Friedman, Peachtree's CEO. "Our strategy of investing up and down the capital stack and opportunistically pivoting as markets shift allows us to capitalize on investments during any business cyc...
Peachtree Hotel Group Acquires Two Miami Hotels
Peachtree Hotel Group | December 7, 2021
ATLANTA, GA – December 7, 2021 – Peachtree Hotel Group ("Peachtree") announced the acquisitions of the 207-key AC Hotel Miami Aventura and the 233-key Aloft Miami Aventura, in Aventura, Fla., which is part of the Miami metropolitan area. Peachtree Hospitality Management ("PHM"), a division of Peachtree, will operate the properties. These acquisitions are the latest completed by Peachtree closing only weeks following the acquisitions of the 81-key Hampton Inn & Suites and the 60-key La Bellasera Hotel & Suites, in Paso Robles, California. For the year, Peachtree has acquired approximately $2.0 billion in hotel assets and expect...
Peachtree Hotel Group Acquires Two Hotels in California in Partnership With Verakin Capital
Peachtree Hotel Group | November 16, 2021
ATLANTA, GA – November 16, 2021 – Peachtree Hotel Group ("Peachtree"), in its first joint venture partnership with Verakin Capital ("Verakin"), announced the acquisition of the 81-key Hampton Inn & Suites and the 60-key La Bellasera Hotel & Suites, in Paso Robles, California. Peachtree Hospitality Management ("PHM"), a division of Peachtree, will operate the properties. The Hampton Inn & Suites and La Bellasera Hotel & Suites were developed in 2003 and 2007, respectively, and are located at 206-212 Alexa Court in Paso Robles, which is in the heart of the state's central coast and proximate to over 40,000 acres of viney...
AC Hotel Austin Hill Country Set to Open in Southwest Austin Fall 2021
AC Hotels by Marriott | September 21, 2021
AUSTIN, TEXAS — September 21, 2021 — AC Hotel Austin Hill Country, situated in the beautiful central Texas foothills yet only minutes from downtown Austin, is set to open this fall. The anticipated new hotel features contemporary, European-influenced design, signature beverage & food programming, and thoughtful amenities, catering to locals and travelers alike. The hotel is located at 7415 Southwest Parkway in Southwest Austin, and will serve as an anchor to Lantana Place, a unique and upscale retail center that offers shopping, dining, entertainment, boutique fitness options, beauty salons and much more. Atlanta-based Peachtree Hotel...
Peachtree Hotel Group Opens Dual-Branded Hilton Garden Inn and Home2 Suites by Hilton in Orlando, Florida
Hilton Garden Inn | June 7, 2021
ATLANTA and ORLANDO, Fla. – June 7, 2021 – Peachtree Hotel Group ("Peachtree") announced the grand opening of its newest hotels, the dual-flag Hilton Garden Inn Orlando Downtown and Home2 Suites by Hilton Orlando Downtown. The property is located in Orlando's downtown central business district across from the Orange County Courthouse and close to all major downtown attractions: Amway Center, Camping World Stadium and Exploria Stadium. The eight-story property, operated by Peachtree Hospitality Management ("PHM"), a division of Peachtree, is located at 401 North Magnolia Avenue and includes 224 rooms – 123 Hilton Garden Inn guest ro...
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