ATLANTA--(BUSINESS WIRE)--Sep 13, 2017--Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, today announced the separate, completed acquisitions of the 123-room Element Denver Park Meadows in Colo., the 135-room Hampton Inn Green Bay Downtown in Wis., and the 136-room Aloft Tempe in Ariz.
“As we continue to grow our national footprint, we are increasingly focused on westward expansion,” said Brent LeBlanc, senior vice president. “While we continue to have great faith in markets east of the Mississippi as evidenced by the Hampton Inn purchase, we believe there are numerous growth opportunities in the West. There are a number of new regions for Peachtree to explore that meet our criteria of strong, secondary and tertiary markets with high barriers to new entry, as well as numerous demand generators that appeal to both business and leisure travelers.”
PHG continues to seek additional acquisition and development opportunities. To discuss additional growth possibilities, contact Brent LeBlanc at 713-666-2544 or email@example.com.
About Peachtree Hotel Group
Peachtree Hotel Group operates, develops and invests in premium-branded, select- and limited-service and extended-stay hotel assets under the Marriott, Hilton, Hyatt, Choice and InterContinental Hotels Group flags. Since its inception, Peachtree has invested in more than $1.4 billion of hotel properties and first mortgage notes. Peachtree's current portfolio is comprised of 74 hotel assets totaling 8,599 rooms, including 33 real estate assets and 41 notes. For more information, please visit www.peachtreehotelgroup.com.
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CONTACT: Peachtree Hotel Group
Chris Daly, media
KEYWORD: UNITED STATES NORTH AMERICA ARIZONA COLORADO GEORGIA WISCONSIN
INDUSTRY KEYWORD: TRAVEL DESTINATIONS LODGING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Peachtree Hotel Group
Copyright Business Wire 2017.
PUB: 09/13/2017 08:50 AM/DISC: 09/13/2017 08:50 AM