TownePlace Suites Gainesville Northwest in Gainesville, Florida, exchanged hands this month when Peachtree Hotel Group of Atlanta acquired the 96-suite property developed by Hiren Desai, CEO of 3H Group Hotels Inc. in 2015. The extended stay hotel is just off Interstate 75 and near Florida University. Desai is part of Gainesville Investment Lodging, a partnership of commercial real estate investors that owned the hotel. TownePlace Suites was constructed on the site where a hotel and convention had previously stood. It was razed to make way for the new project. Peachtree Hotel Group is led by Mitul Patel, Jatin Desai and Greg Friedman.