Peachtree Group Surpasses $2 Billion in Hotel Developments
Peachtree Group announced that the firm surpassed $2 billion in hotel development, bringing its total development portfolio to 48 hotels nationwide.
CoStar Impact Awards: In this California city, a former parking lot is now a trendy Marriott hotel
Listen to Our Podcast!
Commercial development of the year for Sacramento
"Five years ago, the land now labeled as 905 Seventh St. in Sacramento, California, was nothing more than a parking lot for light rail commuters. Today, it's home to the city's newest major hotel.
The AC Hotel Sacramento opened in March 2024 after its construction began in January 2022. Downtown Sacramento has been in desperate need of more hotel rooms, and the AC Hotel's arrival helped fill that demand, economic leaders in California's capital city said.
The hotel sits in an opportunity zone, which is land that developers are given extra tax incentives from the federal government to revitalize."
Read Full Article on CoStar News
Related posts
If you enjoyed this article, read through these related press releases and insights.