Peachtree Hotel Group Acquires Hotel in Texas
Wednesday October 2nd, 2013 - 10:34AM EB
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LEWISVILLE, TX—Peachtree Hotel Group recently acquired the Fairfield Inn Dallas Lewisville located here.
Built in 2000, the Fairfield Inn Dallas Lewisville features 70 guestrooms and Peachtree Hotel Group plans extensive renovations to the common areas and each of the rooms that will allow for a conversion to Fairfield Inn & Suites. Fairfield Inn & Suites is an upper-midscale select service brand of hotels franchised by Marriott International. The property will be managed by an affiliate, Peachtree Hotel Management.
In addition to its location serving the DFW Airport traveler, the Lewisville Fairfield Inn will benefit from the strong employment base in the Lewisville submarket, according to Peachtree Hotel Management. Major employers and demand drivers include JPMorgan Chase, Nationstar Mortgage, Sysco and Meadowbrook Meat Company.
Tags: Peachtree Hotel Group • Marriott • Hospitality • Brands • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.