Courtyard by Marriott Starkville

Hotel Development Won Best Outstanding Project from the American Planning Association
Property Type
Hotel
Investment Type
Development
Brand
Marriott
Date of Investment
March 2014
Location
Starkville, MS
Keys
104
Units
Square Footage
Development
Development
Development
Development

Opportunity to Build Closest Hotel to University

Peachtree Group learned of an 11-acre tract, the planned Mill, located at the main entrance of Mississippi State University. The historic E.E. Cooley Building, a former cotton mill and plant owned by Mississippi State University for decades, was planned to be revitalized into a state-of-the-art conference and meeting complex with Class A office space. The project warranted an adjoining lodging facility. Peachtree Group had the opportunity to construct and operate the newest, closest hotel to the university.

Proven Track Record Developing Hotels

Peachtree Group leveraged its hotel development experience and comparable projects to estimate potential costs. Peachtree Group then consulted with the management division and benchmarked comparable hotels within its portfolio to estimate the hotel’s potential performance in this market. Peachtree Group was granted a Courtyard by Marriott franchise and utilized its development team to execute the design and construction of the hotel.

Hotel Ranked First

The Mill at Mississippi State University project won Best Outstanding Project from the American Planning Association. The hotel has ranked #1 in RevPAR for the Comp Set in 2017, 2018, and 2019.