Peachtree Hotel Group (PHG) Acquires Three Hotels in Colorado, Arizona and Wisconsin
September 13, 2017 6:51am
ATLANTA, Sept. 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.”
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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.
Contact: Chris Daly, media
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