10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Peachtree Group acquires new DST investment in Florida

  • Kathakali Nandi
  • 4 December 2024
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by HotelsMag. Click here to read the original article

Peachtree Group has expanded its hospitality portfolio with a new Delaware Statutory Trust (DST) investment. The real estate investment company has acquired its sixth hotel structured as a DST — the 90-room Home2 Suites by Hilton St. Augustine I-95 in the greater Jacksonville, Fla., area. Other terms of the transaction were not disclosed.

This new DST investment is the third to close this year, following the completion of the Residence Inn Tampa Wesley Chapel DST in November.

Home2 Suites by Hilton St. Augustine benefits from its location off I-95 and proximity to the tourist destination of St. Augustine. Drawing millions of visitors annually, St. Augustine creates year-round demand for accommodation, Peachtree said in a statement.

Home2 Suites by Hilton St. Augustine I-95.

The extended-stay hotel is well-positioned to meet the needs of leisure as well as business travelers, said Tim Witt, president of 1031 Exchange/DST products at Peachtree.

“With its premier location along the I-95 corridor, strong population growth in the surrounding area and St. Augustine’s rich historical and cultural appeal, this property is a natural fit for our DST portfolio,” Witt said.

The hotel features institutional-quality construction, suites with extend-stay amenities and strong brand recognition. Located close to St. Augustine’s downtown, the hotel offers easy access to popular attractions, the Castillo de San Marcos, St. Augustine Premium Outlets and beaches. The property’s appeal and position for continued demand is further enhanced by the nearby mixed-use projects, healthcare facilities and luxury apartments.

How to Market Hotel in OTAs. Improve Hotel Ranking
Trending
How to Market Hotel in OTAs. Improve Hotel Ranking

Peachtree’s six DST acquisitions are located in high-growth markets and represent roughly $175 million in debt-free real estate transactions.

“Our focus on recognized hotel brands, value-add opportunities and Peachtree’s experienced hospitality management team ensures long-term potential for investors,” Witt said.

Peachtree’s DST hospitality acquisitions present opportunities for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a strong allocation in the hotel sector. Peachtree capitalizes on positive secular trends in travel, inflation-resilient pricing models and the operational complexities of the hospitality sector to deliver a strong potential for continued success and stability in its DST portfolio.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Mergers & Acquisitions

Series by Marriott™ : Marriott’s new regional collection brand

  • k.fytaki
  • 23 May 2025
View Post
  • Mergers & Acquisitions

Essendi: The completion of a successful refinancing journey

  • k.fytaki
  • 23 May 2025
View Post
  • Mergers & Acquisitions

Berkadia Negotiates Sale of Hampton Inn Tampa East (Casino Area)

  • LODGING Staff
  • 23 May 2025
View Post
  • Mergers & Acquisitions

Somabay launches sales for Arc of Soma: The Lagoon Edition

  • Lacie Carr
  • 22 May 2025
View Post
  • Mergers & Acquisitions

Marcus & Millichap Facilitates Sale of Candlewood Suites Pearland

  • LODGING Staff
  • 21 May 2025
View Post
  • Mergers & Acquisitions

Fonab Castle Hotel & Spa joins Elegant Hotel Collection as first member in Scotland

  • Sophie Weir
  • 21 May 2025
View Post
  • Mergers & Acquisitions

Trinity sells JW Marriott Phoenix to Ryman for $865 million

  • Denis Stackeusky
  • 20 May 2025
View Post
  • Mergers & Acquisitions

Amadeus acquires ForwardKeys

  • Automatic
  • 20 May 2025
Sponsored Posts
  • The RFP Process for Hotel PMS

    View Post
  • Top hospitality tech trends from Mews Unfold 2024

    View Post
  • Getting Started with AI: A Step-by-Step Guide for Hoteliers

    View Post
Last Posts
  • LodgIQ and Medialog Meet Growing Demand for Integrated Hotel Tech in France
    • 27 May 2025
  • Breaking Up Is Hard to Do: How to End Tech Vendor Relationships Without Breaking Your Business
    • 27 May 2025
  • NRA 2025: Key Takeaways From the Restaurant Technology Network
    • 27 May 2025
  • JR & Son is back in Brooklyn, with new owners and an Italian-inspired, tavern-style menu
    • 27 May 2025
  • Coverage Costs: Management Company Leaders Weigh In on Today’s Challenging Insurance Market 
    • 27 May 2025
Sponsors
  • The RFP Process for Hotel PMS
  • Top hospitality tech trends from Mews Unfold 2024
  • Getting Started with AI: A Step-by-Step Guide for Hoteliers
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.