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Peachtree adds AZ SpringHill Suites as 9th DST

The hotel, opened last August, expected to benefit from town’s growth

Arizona SpringHill Suites Added as 9th DST by Peachtree

Peachtree Group recently added the 128-key SpringHill Suites Phoenix West Avondale in Avondale, Arizona as its ninth Delaware Statutory Trust offering since starting the program in 2022.

Vishnu Rageev R.
By Vishnu Rageev R.Jul 09, 2025
Vishnu Rageev R.

Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.

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Summary:

  • Peachtree Group added the 128-key SpringHill Suites Phoenix West Avondale in Avondale, Arizona, its ninth Delaware Statutory Trust offering.
  • The hotel, opened in August 2024, is positioned to benefit from Avondale’s population and economic growth.
  • Peachtree’s DSTs offer tax deferral for investors reinvesting proceeds from appreciated real estate.

PEACHTREE GROUP RECENTLY added the 128-key SpringHill Suites Phoenix West Avondale in Avondale, Arizona, structured as a Delaware Statutory Trust. This marks the company’s ninth DST offering since launching the program in 2022.

The hotel opened in August 2024 and is expected to benefit from Avondale’s population and economic growth, Peachtree said. Nearly 85,000 new residents moved to the Phoenix metro between 2023 and 2024, according to the company.

“This newly developed property reflects what we seek in a DST offering,” said Tim Witt, Peachtree’s president for 1031 Exchange and DST products. “It has strong market fundamentals, a leading brand and long-term potential supported by sustained corporate, healthcare and leisure demand.”

Atlanta-based Peachtree is led by managing principal and CEO Greg Friedman, managing principal and CFO Jatin Desai, and principal Mitul Patel. Friedman was named to the 2025 GlobeSt. Rainmakers in CRE Debt, Equity & Finance list and Commercial Observer’s Power Finance list.

The hotel will not require a change-of-ownership property improvement plan and will gain access to the SpringHill Suites brand and Marriott’s distribution and loyalty platform, the statement said. Witt said the hotel gives investors access to a newly built, debt-free asset in a growing metropolitan area.

“It is a suitable option for those seeking tax deferral through a 1031 exchange while maintaining exposure to the hospitality sector, which continues to show stable fundamentals and long-term potential,” he said.

Peachtree’s DST offerings provide a tax-deferred option for investors reinvesting proceeds from appreciated real estate, the statement said. Its nine DST offerings represent more than $291 million in debt-free real estate transactions. Each property aligns with Peachtree’s strategy of acquiring branded hotels in growth markets, pursuing value-add opportunities, and using experienced management to support performance and long-term value.

peachtree groupspringhill suitesarizona

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