Latest news with #VickieCallahan
Associated Press
14-04-2025
- Business
- Associated Press
Peachtree Group Announces Grand Opening of TownePlace Suites Forney, Texas
DALLAS--(BUSINESS WIRE)--Apr 14, 2025-- Peachtree Group ('Peachtree'), a diversified commercial real estate investment platform, today announced the grand opening of the 87-suite TownePlace Suites in Forney, Texas. Peachtree will operate the hotel for TEKMAK Development ('TEKMAK'), a full-service hospitality development company. This press release features multimedia. View the full release here: Peachtree Group ('Peachtree'), a diversified commercial real estate investment platform, today announced the grand opening of the 87-suite TownePlace Suites in Forney, Texas (pictured). TownePlace Suites Forney is conveniently located just 22 miles east of Dallas, offering guests a comfortable and contemporary stay in a rapidly growing area. Ongoing new construction, expanding retail centers and industrial parks continue to position Forney as a dynamic destination for business and leisure travelers. 'We are thrilled to join the Forney community and serve the fastest-growing county in the country with our new TownePlace Suites hotel,' said Glenn Decker, president of TEKMAK. 'We're grateful for the hard work of the Peachtree team in getting the hotel open and are excited about the strong leadership team they've assembled to manage day-to-day operations. We take great pride in the quality of the hotels we develop and have the utmost confidence in Peachtree's ability to deliver an equally stellar level of service to our guests.' At this brand-new, pet-friendly hotel, guests can enjoy spacious suites featuring full kitchens—ideal for both short and extended stays. Travelers will appreciate complimentary breakfast with customizable menu options, as well as on-site amenities like a 24-hour fitness center and an outdoor pool. 'As we continue to add hotels to our third-party management platform, we remain focused on aligning with top-tier partners who share our commitment to operational excellence,' said Vickie Callahan, president of Peachtree's hospitality management division. 'TEKMAK has been an exceptional partner—developing hotels that are not only professionally executed but also uniquely crafted to stand apart in their competitive set, with a design-oriented approach that connects each property to its local community.' In 2023, Peachtree partnered with TEKMAK to provide third-party management for a selection of its Texas-based hotels and today oversees six properties. 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 manages 108 hotels across 28 brands, totaling 13,440 rooms in 26 states, with 35 properties under third-party management. 'Third-party hotel operators are increasingly being recognized for delivering superior service—outperforming even chain-managed hotels in key areas that matter most to guests,' Callahan added. 'The opening of TownePlace Suites Forney is a testament to the strength of this collaboration and our shared vision to consistently exceed expectations and raise the standard across every hotel we manage.' 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 View source version on CONTACT: Charles Talbert 678-823-7683 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY OTHER TRAVEL COMMERCIAL BUILDING & REAL ESTATE VACATION LODGING CONSTRUCTION & PROPERTY TRAVEL SOURCE: Peachtree Group Copyright Business Wire 2025. PUB: 04/14/2025 08:55 AM/DISC: 04/14/2025 08:56 AM
Yahoo
24-02-2025
- Business
- Yahoo
Peachtree Group Announces Grand Opening of Dual-Branded TownePlace Suites/Fairfield Inn & Suites Paris, Texas
PARIS, TEXAS, February 24, 2025--(BUSINESS WIRE)--Peachtree Group ("Peachtree"), a diversified commercial real estate investment platform, today 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 Company ("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 provide third-party management for three of its hotels. As part of this partnership, Peachtree assumed operations of the SpringHill Suites Dallas Rockwall and is set to manage the under-construction TownePlace Suites by Marriott in Forney, Texas. 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 SuitesConveniently located just off US-271, the pet-friendly hotels provide shared amenities, including a full lobby 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 GroupPeachtree 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 View source version on Contacts Charles Talbert678-823-7683ctalbert@ Sign in to access your portfolio
