Peachtree Group (“Peachtree”), a diversified commercial real estate investment platform, this week announced the grand opening of the dual-branded, 51-suite TownePlace Suites and the 62-suite Fairfield Inn & Suites in Paris, Texas. Peachtree will operate the hotel on behalf of TEKMAK Development (“TEKMAK”).
“We continue to seek best-in-class partners as we grow our third-party management portfolio,” said Vickie Callahan, president of Peachtree’s hospitality management division. “The new-build hotels will help to meet the growing demand created by the ever-increasing business and leisure travel to Paris. These Marriott-branded properties were designed to provide the latest and most requested services and amenities that guests need to make a stay on the road a little bit more like home.”
In 2023, Peachtree partnered with TEKMAK, a full-service hospitality development company, to oversee third-party management for a selection of its Texas-based hotels. As part of this partnership, Peachtree assumed operations of the Spring Hill Suites Dallas Rockwall, TownePlace Suites by Marriott Dallas Rockwall, Spring Hill Suites Lindale and is set to manage the under-construction TownePlace Suites by Marriott in. Forney.
Peachtree’s hospitality management division specializes in operating premium-branded hotels across the upper-midscale and upscale segments, including limited-service, select-service, and compact full-service properties. The division currently manages 107 hotels across 27 brands, totaling 13,360 rooms in 26 states, with 33 properties under third-party management.
TownePlace Suites Paris and Fairfield Inn and Suites
Conveniently located just off US-271, the pet-friendly hotels provide shared amenities, including a Parisian inspired lobby with full bar, while offering the best each brand has to offer. Guests may enjoy an outdoor pool, 24/7 fitness center and complimentary, daily breakfast buffets. Proximate to multiple area airports, including Dallas/Ft. Worth International Airport, Dallas Love Field and Texarkana Regional Airport, the hotels also offer 535 square feet of meeting space. TownePlace Suites provide spacious suites with full kitchens, while Fairfield Inn & Suites have contemporary guest rooms to work or relax with a well-lit work area and ergonomic chair.
About Peachtree Group — Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.
