Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, today announced the separate, completed acquisitions of the 123-room Element Denver Park Meadows in Colo., the 135-room Hampton Inn Green Bay Downtown in Wis., and the 136-room Aloft Tempe in Ariz.
“As we continue to grow our national footprint, we are increasingly focused on westward expansion,” said Brent LeBlanc, senior vice president. “While we continue to have great faith in markets east of the Mississippi as evidenced by the Hampton Inn purchase, we believe there are numerous growth opportunities in the West. There are a number of new regions for Peachtree to explore that meet our criteria of strong, secondary and tertiary markets with high barriers to new entry, as well as numerous demand generators that appeal to both business and leisure travelers.”
- Element Denver Park Meadows—Located at 9985 Park Meadows Drive, the hotel is part of an upscale retail and lifestyle center in Lone Tree’s bustling Entertainment District and near Centennial Airport and the Denver Tech Center. The property also is a quick 20-minute light rail trip to INVESCO Field and Downtown Denver. Hotel amenities include a 24-hour Business Center, guest laundromat, Motion Fitness Center, indoor heated pool and complimentary area shuttle service.
- Hampton Inn Green Bay Downtown—Situated at 201 Main Street, near such attractions as KI Convention Center, Lambeau Field and the Oneida Casino, the hotel provides daily, free, hot breakfast, indoor pool, fitness center, meeting space for up to 32 people, a 24-hour business center and a 24-hour Suite Shop®. Guest rooms offerclean and fresh Hampton beds®, spacious work area, 40-inch flat-screen TV and coffeemaker.
- Aloft Tempe—The property is a LEED certified hotel featuring a loft-inspired design and is nestled between Arizona State University, Sun Devil Stadium and Tempe Town Lake. Guests can unwind in either the Re:mix lounge or W XYZ Bar, workout in the Re:charge gym or splash around in the pool and grab a bite to eat at Re:fuel by Aloft. Guest rooms feature nine-foot ceilings, extra-large windows and the ultra-comfortable Aloft signature platform beds topped with plush bedding and an ergonomic workspace. In addition, Aloft provides the plug & play entertainment center, a one-stop connectivity station capable of charging laptops, cell phones, MP3 players and more, connected to a wall-mounted 42" flat-screen TV. Bret W. Krosschell of Parkway Bank provided the financing and structured the deal for the Aloft hotel.
PHG continues to seek additional acquisition and development opportunities. To discuss additional growth possibilities, contact Brent LeBlanc at 713-666-2544 orbleblanc@peachtreehotelgroup.
About Peachtree Hotel Group
Peachtree Hotel Group operates, develops and invests in premium-branded, select- and limited-service and extended-stay hotel assets under the Marriott, Hilton, Hyatt, Choice and InterContinental Hotels Group flags. Since its inception, Peachtree has invested in more than $1.4 billion of hotel properties and first mortgage notes. Peachtree's current portfolio is comprised of 74 hotel assets totaling 8,599 rooms, including 33 real estate assets and 41 notes. For more information, please visit www.peachtreehotelgroup.com.