peachtree hospitality management
Peachtree Hospitality Management Enters Third-Party Management Agreements With TEKMAK Development Company
Peachtree Hospitality Management | March 15, 2023
ATLANTA (March 15, 2023) – Peachtree Hospitality Management ("PHM") has entered into agreements with TEKMAK Development Company (“TEKMAK”), a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio. PHM will assume operations of the SpringHill Suites Dallas Rockwall on Aug. 1, 2023, and is slated to manage two under-construction hotels, a dual-branded TownePlace Suites by Marriott and Fairfield by Marriott in Paris, Texas, and a TownePlace Suites by Marriott in Forney, Texas. "This is the second long-term management agreement we’ve entered into already in 2023...
Peachtree Hospitality Management Selected by HOS Management to Operated Nine Hotels
Peachtree Hospitality Management | January 30, 2023
ATLANTA (Jan. 30, 2023) – Peachtree Hospitality Management ("PHM") has formed a long-term partnership with Savannah-based HOS Management ("HOS") to operate nine of its hotels with the potential for additional locations to be managed in the future. The current HOS hotel properties are primarily in the Southeast and are Marriott, Hilton and IHG branded hotels. "We have a wealth of experience managing hotels and providing best-in-class operations for our valued partners like HOS Management, who have entrusted us with their hotel operations," said Patrick Short, PHM's president. "With 25% of our portfolio third-party managed, we are committ...
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 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 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...
Peachtree Hotel Group Completes Multimillion-Dollar Renovation of Hampton Inn Baltimore
PeachTree Hotel Group | May 18, 2021
BALTIMORE, Md./ATLANTA (May 18, 2021) – Peachtree Hotel Group ("Peachtree") has completed a $5.3 million renovation of the Hampton Inn by Hilton Baltimore-Downtown Convention Center. The property-wide renovation of the 8-story, 126-room hotel featured a complete modernization of all guestrooms, public spaces and exterior settings. The hotel, operated by Peachtree Hospitality Management ("PHM"), a division of Peachtree, is located at 550 Washington Blvd. Peachtree acquired the property in 2019 due to its irreplaceable location in downtown Baltimore. The hotel is conveniently located across the street from Oriole Park at Camden Yards and ...
Peachtree Hotel Management Forms Strategic Partnership With Zenique Hotels
Peachtree Hospitality Management | January 5, 2021
ATLANTA, January 5, 2020—Officials of Peachtree Hotel Group, one of the nation’s fastest growing hotel investment and management platforms, and Zenique Hotels, a family-owned hotel owner, developer and operator based in Calif., today announced the two organizations have formed a strategic partnership. Under the terms of the agreement, Peachtree Hospitality Management (PHM), PHG’s operational division, will manage Zenique’s current portfolio of four hotels. The strategic partnership also makes PHM the operator of all Zenique’s future hotels as it continues to grow nationwide. “We continue to seek best-in-class partners such as...
