Peachtree Hotel Group acquires three hotels in Colorado, Arizona and Wisconsin
15th September 2017
Learn MorePeachtree Hotel Group Sells AC Hotel by Marriott in Downtown Atlanta for $57.5M
11th August 2017
Learn MorePeachtree Hotel Group (PHG) Breaks Ground on 140-Room Hotel Indigo Gainesville
4th August 2017
Learn MorePeachtree Hotel Group (PHG) Acquires 96-Suite TownePlace Suites Gainesville Northwest
28th June 2017
Learn MorePeachtree Hotel Group And Marriott Announce The Debut Of AC Hotel Atlanta Downtown
10th April 2017
Learn MorePeachtree Hotel Group (PHG) Adds Approximately $154 Million in Acquisitions and Development Agreements In 2016 Second Half
30th January 2017
Learn MorePeachtree Hotel Group Completes $6.5M Reno of Embassy Suites Williamsburg
12th August 2015
Learn MorePeachtree Hotel Group Executes Seven Hotel Transactions During First Half of 2014
19th February 2015
Learn MorePeachtree Hotel Group of Atlanta Acquires the Hilton Garden Inn in Tupelo, Mississippi
5th October 2014
Learn MorePeachtree Hotel Group Opens its Eighth Hotel – Fairfield Inn & Suites in Gadsden
3rd June 2014
Learn MorePeachtree Hotel Group Acquires Hilton in Birmingham, AL
Peachtree Hotel Group Acquires Hilton in Birmingham, AL
Tuesday August 23rd, 2016 – 10:24AM
ATLANTA—Peachtree Hotel Group has acquired Hilton Perimeter Park in Birmingham, AL. The company’s fifth asset in the Birmingham area, it plans to convert the property to a DoubleTree by Hilton following a $10.5-million renovation.
The 205-key hotel is located near The Summit shopping center, Grandview Medical Center and businesses, including Randstad, Assurant, SunGard and Wells Fargo. The hotel is proximate to nine million sq. ft. of retail space and 14 million sq. ft. of office space. The deal closed in 75 days.
Hunter Hotel Advisors served as the exclusive agents in the the sale. “The buyer can realize tremendous upside in the hotel post-renovation,” said Teague Hunter, president of Hunter Hotel Advisors. “Peachtree’s investment in the asset will increase occupancy and ADR, and make it a leader in the market.”