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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.