Announced
Completed
Financials
Tags
hotel
Real Estate Holding and Development
Real Estate
Friendly
hotels
Majority
Domestic
United States
Completed
Private Equity
Merger
Single Bidder
Private
Acquisition
Synopsis
Peachtree Hotel Group, a real estate private equity investment management company, completed the acquisition of 7 hotels from full-service hotels and resorts companies Marriott and Hilton for $135m. "These acquisitions are complementary to our existing portfolio of high-quality, well-located assets with strong demand generators. We experienced an uptick during the second half of 2021 for hotel acquisition opportunities, and these seven properties are a continuation of our strategy to benefit from the ongoing recovery in hospitality," Brian Waldman, Peachtree Executive Vice President.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.