Peachtree Hotel Group completed the acquisition of 7 hotels from Marriott and Hilton for $135m.

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.