Peachtree Hotel Group Sells AC Hotel by Marriott in Downtown Atlanta for $57.5MAugust 11, 2017
Atlanta-based Peachtree Hotel Group has sold the AC Hotel by Marriott in downtown Atlanta to Austin, Texas-based Summit Hotel Properties Inc. for $57.5 million. The 255-room hotel — a redevelopment of a former Holiday Inn — opened in May 2017 after undergoing approximately $20 million in renovations.
Peachtree Hotel Group (PHG) Acquires 96-Suite TownePlace Suites Gainesville NorthwestJune 28, 2017
Officials of Peachtree Hotel Group (PHG) today acquired the 96-suite TownePlace Suites Gainesville Northwest in Fla., from Gainesville Investment Lodging, LLP, a subsidiary of 3H Group, Inc., for an undisclosed sum. The transaction was brokered by Hospitality Real Estate Counselors (HREC).