Skip to content

Search

Latest Stories

Peachtree adds NJ hotel to DST portfolio

The Residence Inn in Monmouth County is its eighth DST offering since 2022

Peachtree adds NJ hotel to DST portfolio

Peachtree Group recently launched the 114-key Residence Inn Ocean Township along the Jersey Shore in New Jersey, its eighth DST offering since launching the program in 2022.

PEACHTREE GROUP RECENTLY launched the 114-key Residence Inn Ocean Township along the Jersey Shore in New Jersey, structured as a Delaware Statutory Trust. This marks the company’s eighth DST offering since launching the program in 2022.

The Residence Inn is in Monmouth County, one of the wealthiest counties in the U.S., known for its high median income and vibrant year-round economy, Peachtree said in a statement.


“This newly developed property represents everything we look for in a DST offering: strong market fundamentals, a leading extended-stay brand, and long-term upside driven by secular tailwinds in travel,” said Tim Witt, Peachtree’s president for 1031 exchange and DST products.

Atlanta-based Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal.

The hotel benefits from its proximity to beach destinations such as Asbury Park, Long Branch, and Sandy Hook, the statement said. The region’s diverse economy—anchored by healthcare, education, and technology—drives consistent lodging demand throughout the year.

Looking ahead, Netflix is investing $900 million to redevelop nearby Fort Monmouth into its primary East Coast production hub, a project expected to create 3,500 construction jobs and 1,500 permanent jobs, while also boosting hospitality demand.

“With the opening of Residence Inn Ocean Township in 2024, we’re providing investors access to a debt-free, income-generating asset in a premier coastal market,” Witt said. “It’s a strategic fit for those seeking tax deferral through a 1031 exchange while maintaining exposure to one of the most resilient sectors in commercial real estate.”

Peachtree’s DST properties offer a compelling option for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while deferring taxes and maintaining exposure to the hotel sector, the statement said. The firm’s eight DST offerings total more than $220 million in debt-free real estate transactions.

In February, Peachtree appointed Jordan Hylton as senior vice president of multifamily acquisitions for its DST platform, which recently expanded its portfolio to include multifamily assets.

More for you

ESA Extended Stay Select Suites Debuts in Wildwood, Florida

ESA Select Suites opens in Wildwood, FL

Summary:

  • Orlando-based Southern Hospitality, led by President Nikesh Shah, recently opened Extended Stay America Select Suites Wildwood – The Villages in Wildwood, Florida.
  • The hotel offers apartment-style suites and a fitness center across 50,000+ square feet on 1.75 acres.
  • A recent ESA survey found extended-stay hotels outperform vacation rentals and apartments in comfort, value and sense of home.

Extended Stay America Select Suites Wildwood – The Villages is now open in Wildwood, Florida. The four-story, 124-room property, developed by Southern Hospitality, is the first to feature the Select Suites new-construction prototype.

Keep ReadingShow less
Nanak Acquires Warwickshire’s Kings Court Hotel for £2.75M
Photo credit: Colliers International UK

Nanak acquires Warwickshire, England, hotel for $3.74M

Summary:

  • Nanak Hotels, owned by British Indians, acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for $3.74 million.
  • The firm plans to invest in the property's refurbishment and repositioning.
  • Colliers International UK brokered the deal, led by Josh Sullivan and Peter Brunt.

UK-BASED NANAK HOTELS recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million or around $3.74 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.

Keep ReadingShow less
LivSmart Studios Hilton Launched by Aztec & 3H
Photo credit: Hilton Hotels Corp.

3H, Aztec open first LivSmart Studios

Summary:

  • 3H Group and Aztec Group opened the first LivSmart Studios by Hilton in Tullahoma, Tennessee, for stays of 10 days or more.
  • A second 137-room hotel is set to open later this summer in Kokomo, Indiana, owned by Sun Management & Development Corp.
  • More than 90 hotels are planned, with more than 225 deals in negotiation.

The LivSmart Studios by Hilton Tullahoma is now open in Tullahoma, Tennessee. The 89-room property, developed by 3H Group and Aztec Group, is the first location for the brand and targets guests staying 10 nights or more, a segment Hilton says is largely unmet.

Keep ReadingShow less
Nexgen Management acquires Hampton Inn & Suites El Paso-Airport to boost Texas hospitality presence

Nexgen acquires El Paso, TX, Hampton Inn

Summary:

  • Nexgen Management acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.
  • Hunter Hotel Advisors brokered the transaction, led by Senior Vice President Kami Burnette and Vice President Mason McDavid.
  • The property is near El Paso International Airport, Marathon Petroleum, Veolia, Kinder Morgan, the Hospitals of Providence, University Medical Center of El Paso and the University of Texas at El Paso.

NEXGEN MANAGEMENT RECENTLY acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas. The Texas-based company, led by CEO Paul Uppal, focuses on limited and full-service hotel segments in the U.S.

Keep ReadingShow less
Red Lion Inn & Suites Opens 60‑Room Hotel in Blue Springs

Red Lion opens in Blue Springs, MO

Summary:

  • Sonesta recently opened a Red Lion Inn & Suites in Blue Springs, Missouri.
  • The 60-room hotel is owned by Reshma and Umesh “Max” Patel.
  • It is near Independence Airport and the Amtrak station, 30 miles from Kansas City International Airport.

Red Lion Inn & Suites Blue Springs is now open in Blue Springs, Missouri. The 60-room hotel is owned by Reshma and Umesh “Max” Patel.

Keep ReadingShow less