Sameer Nair named SVP equity asset management at Peachtree Group
He was SVP of acquisitions and development at Hospitality Ventures Management Group
By Vishnu Rageev RDec 20, 2023
Sameer Nair is the new senior vice president of equity asset management at Peachtree Group. In this role, he will manage and implement asset oversight for Peachtree’s real estate portfolio and preferred equity investments. Previously, Nair held the position of senior vice president of acquisitions and development at Hospitality Ventures Management Group, focusing on sourcing equity, debt, and third-party management opportunities, Peachtree said in a statement.
Nair is an experienced asset manager with development and transactional expertise, Peachtree said.
“Over the past decade, Sameer has been instrumental in the growth of some of the most respected companies in the hospitality industry,” said Brian Waldman, Peachtree Group’s CIO. “He has led multiple acquisition, development and investment efforts throughout the country, which gives him a deeper perspective of the industry and market.”
Nair previously held the role of vice president of investments and capital markets at Kolter Hospitality. There, he managed over $600 million in transaction volume, overseeing hotel investments and debt restructuring. Additionally, in a similar capacity at Banyan Investment Group, Nair closed transactions exceeding $125 million in volume.
Nair earned his bachelor’s degree in hotel administration from Cornell University's Nolan Hotel School of Hotel Administration.
In November, DD Partners, Peachtree Group, and Woodbine Development announced a collaboration on Embassy Suites Gulf Shores, an 8-story resort with a Gulf of Mexico view in Alabama. DD Partners and Woodbine lead development, with Peachtree overseeing resort operations.
Sonesta launched Americas Best Value Studios, an extended-stay version of ABVI.
The model targets owners seeking limited front desk and housekeeping.
The brand meets demand for longer-term, value-focused stays.
SONESTA INTERNATIONAL HOTELS Corp. launched Americas Best Value Studios by Sonesta, an extended-stay version of its franchised brand, Americas Best Value Inn. The model targets owners seeking limited front desk and housekeeping, optional fitness center and lobby market along with standard brand requirements.
The brand aims to address the growing demand for longer-term, value-driven accommodations, Sonesta said in a statement.
"Americas Best Value Studios by Sonesta represents a strategic evolution of our trusted Americas Best Value Inn brand," Keith Pierce, Sonesta’s executive vice president and president of franchise development, said. "We are expanding our offerings to directly address the increasing demand within the extended-stay segment, providing a practical solution for travelers seeking longer-term lodging at value. This new brand type allows our local franchised owner-operators to tap into a growing market while maintaining the community-focused experience that Americas Best Value Inn is known for."
ABVI has a majority presence in secondary and tertiary markets, the statement said.
The extended-stay brand’s operational model features a front desk, bi-weekly housekeeping, on-site laundry and pet-friendly accommodations, Sonesta said. Guests can also earn or redeem points through the Sonesta Travel Pass loyalty program.
In August, Sonesta named Stayntouch its preferred property management system after a two-year review of its ability to support the company’s franchise model. The company operates more than 1,100 properties with more than 100,000 rooms across 13 brands on three continents.
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