“With this property situated in the heart of the state's largest college town, space at Georgia Heights will always be in demand."

Councilwoman Carlina Rivera voted to allow the Union Square tower without the development restrictions for the neighborhood originally requested.

Among the best performing markets in the hotelier's portfolio was the State of Florida where its hotel properties' RevPAR increased 10.2%.

P3 will be applying its BLUE brand of management to Somerset Financial Center.