Peachtree Group Celebrates Topping Out of Residence Inn by Marriott in San Antonio, Texas
ATLANTA & SAN ANTONIO, June 23, 2025--(BUSINESS WIRE)--Peachtree Group ("Peachtree") marked a major milestone in the construction of the 10-story, 171-room Residence Inn by Marriott in downtown San Antonio with a topping out ceremony, celebrating the completion of the building's structural phase Scheduled to open in the summer 2026, Residence Inn is being co-developed with Austin-based Merritt Development Group. The upscale extended-stay hotel will be owned by Peachtree and managed by its hospitality management division.
"Reaching the topping out stage is a meaningful moment for any development," said Greg Friedman, managing principal and CEO of Peachtree. "This Residence Inn reflects our commitment to delivering high-quality, purpose-built hotels in markets where we see strong, long-term demand. San Antonio's blend of tourism, education and business activity makes it an ideal location for extended-stay lodging."
Designed to meet the evolving needs of today's travelers, the Residence Inn will feature spacious studio suites with fully equipped kitchens, separate living and working areas and a curated collection of lifestyle amenities. Highlights include an on-site fitness center, flexible meeting rooms, inviting outdoor social spaces and a Starbucks accessible to guests and the surrounding community.
The Residence Inn will offer guests direct access to San Antonio's top demand drivers, including the Riverwalk, the University of Texas at San Antonio's growing downtown campus and nearby corporate and government offices.
The property is being developed within a Qualified Opportunity Zone (QOZ), reinforcing Peachtree's ongoing strategy to invest in underserved areas poised for growth. The firm is among the nation's most active hotel developers in QOZs, with nine hotels opened and another five, including this Residence Inn, currently under construction.
"This project combines strong market fundamentals with meaningful community impact. We're proud to deliver an upscale extended-stay hotel to a fast-growing urban market while advancing our commitment to long-term economic growth in underserved areas," Friedman said.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250623895433/en/
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Charles Talbert678-823-7683ctalbert@peachtreegroup.com
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