Peachtree Group Acquires AC Hotel by Marriott in Utah
Peachtree Group continues to build momentum with its sixth hotel acquisition of the year, with the acquisition of the AC Hotel by Marriott in Park City, Utah.
CoStar News – Despite economic uncertainty and a slowdown in hotel transactions during the first half of the year, deal-making in the hotel industry continues—especially for assets priced under $50 million.
Peachtree Group, an Atlanta-based investment firm, has remained active in this space, capitalizing on the flexibility and reduced risk these transactions offer.
“Deals under $50 million tend to be easier to capitalize and attract a larger buyer pool,” said Michael Bernath, senior vice president of investments at Peachtree Group. “These assets are typically acquired by private buyers who have more flexibility and are less reliant on institutional capital, which has been more constrained in the current environment.”
Peachtree’s momentum in this segment underscores how private buyers are continuing to shape the hotel acquisition landscape.