ATLANTA—Officials with Peachtree Hotel Groupreport the firm completed seven hotel finance and acquisitiontransactions this summer involving a combination of mortgage notes,real estate acquisitions, majority interest investments, and bridgeloans.

“We have now met our 2014 goal of adding up to 14 new assets toour hotel portfolio, and we still have plenty of time to far exceedthose aggressive numbers and make this a record year forPeachtree,” says Greg Friedman, Peachtree CEO. “Weremain a nimble investor, capable of executing quickly for theright investment opportunities.”

The company reports that from May 30th through August 22nd, ittransacted: a first mortgage note purchase on a La Quinta hotelproperty in Georgia; a first mortgage note purchase on a boutiquehotel in South Carolina; a purchase of the Crowne Plaza in NorthCharleston, SC; a purchase of the Hilton Garden Inn in OverlandPark, KS; the acquisition of the Hampton Inn and Suites inOrlando/UCF in Florida; the majority interest purchase of theMagnuson in Cool Springs, TX, which will be converted to a HolidayInn; and the first mortgage bridge loan on the TownePlace Suites inClear Lake, TX.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.