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

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SOLD

Texas

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Development Site
Sold 10/11/2023
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Peachtree Group Acquires Development Site In San Antonio For 171-room Hotel

100 North Main Avenue

See Similar Deals
Development Site
Sold 10/11/2023
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Development Site
Transaction Type:Sale

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.

Players

Greg Friedman
Peachtree Hotel Group
Greg Friedman
6 deals$303.1M volume
BROKER
Greg Friedman
Peachtree Group
Greg Friedman
6 deals$303.1M volume
BUYER
Greg Friedman
Peachtree Hotel Group
Greg Friedman
6 deals$303.1M volume
BUYER
Peachtree Group
Peachtree Group
LENDER

Details

SOLD
IMAGE: Greg Friedman & Pratik Patel DATE: 10/11/2023 ADDRESS: 100 North Main Ave MARKET: San Antonio ASSET TYPE: Development Site ~ ACRES: 0.39 BUYER: Peachtree Group (@PeachTreeHotels) - Greg Friedman SELLER: REM Hospitality - Pratik Patel NOTE: Peachtree Group has acquired a downtown San Antonio site for a 171-room hotel at 100 North Main Ave. The project includes a 10-story property with a lobby, kitchen area, rooftop swimming pool, fitness center, and more.

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