ATLANTA—Peachtree Hotel Group (PHG) has completed the separate acquisitions of the 123-room Element Denver Park Meadows in Colorado, the 135-room Hampton Inn Green Bay Downtown in Wisconsin, and the 136-room Aloft Tempe in Arizona.
“As we continue to grow our national footprint, we are increasingly focused on westward expansion,” said Brent LeBlanc, SVP. “While we continue to have great faith in markets east of the Mississippi as evidenced by the Hampton Inn purchase, we believe there are numerous growth opportunities in the West. There are a number of new regions for Peachtree to explore that meet our criteria of strong, secondary and tertiary markets with high barriers to new entry, as well as numerous demand generators that appeal to both business and leisure travelers.”
Element Denver Park Meadows is part of an upscale retail and lifestyle center in Lone Tree’s Entertainment District and is near Centennial Airport and the Denver Tech Center. The property also is a 20-minute light rail trip to INVESCO Field and Downtown Denver. Hotel amenities include a 24-hour business center, guest laundry, Motion Fitness Center, indoor heated pool and complimentary area shuttle service.
Hampton Inn Green Bay Downtown is proximate KI Convention Center, Lambeau Field and the Oneida Casino. The hotel provides daily, free, hot breakfast, indoor pool, fitness center, meeting space for up to 32 people, a 24-hour business center and a 24-hour Suite Shop. Guestrooms offer a work area, 40-in. flat-screen TV and coffeemaker.
Aloft Tempe is a LEED-certified hotel with a loft-inspired design located between Arizona State University, Sun Devil Stadium and Tempe Town Lake. It offers brand standards including the Re:mix lounge, W XYZ Bar, the Re:charge gym and Re:fuel by Aloft. Guestrooms feature nine-ft. ceilings, extra-large windows and the Aloft signature platform beds topped with plush bedding and an ergonomic workspace. In addition, Aloft provides the plug & play entertainment center, a one-stop connectivity station capable of charging laptops, phones, MP3 players and more, connected to a wall-mounted 42-in. flat-screen TV. Bret W. Krosschell of Parkway Bank provided the financing and structured the deal for the Aloft hotel.