Atlanta-based Peachtree Hotel Group has announced that it has expanded its portfolio to six hotels in the Southeastern U.S. during the first quarter of this year.
‘Our approach to hotel investment begins with being flexible,’ says Greg Friedman, Peachtree CEO. ‘Our growth strategy encompasses 100 percent acquisitions, participating as a majority or minority owner, acquiring first mortgage hotel loans and third-party management.’
Friedman adds that the company is ahead of its previously announced goal of adding 15 hotels to its portfolio during the coming year.
The six properties include two hotels in Florida, two in North Carolina and one each in Arkansas and Alabama. Peachtree Hotel Group invests, operates and develops premium-branded, select and limited-service and extended-stay hotel assets under the Marriott, Starwood, Hilton, Hyatt, Choice and InterContinental Hotels Group brands.