Peachtree Group Acquires Development Site In San Antonio For 171-room Hotel

Peachtree Group, represented by Greg Friedman, has acquired a 0.39-acre development site in downtown San Antonio located at 100 North Main Ave. The purchase was made from REM Hospitality, with Pratik Patel as the seller. The site is planned for the development of a 10-story property, which will house a 171-room hotel. The hotel will feature amenities such as a lobby, kitchen area, rooftop swimming pool, and a fitness center.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: Not specified
• Address: 100 North Main Ave
• Market: San Antonio

This acquisition showcases Peachtree Group's expansion into the San Antonio market and its commitment to the hospitality sector. Greg Friedman's role as the buyer's representative exemplifies his expertise in handling such deals, while Pratik Patel, representing REM Hospitality, facilitated the successful sale of the development site.