Skip to content
Search

Latest Stories

TownePlace Suites opens in Forney, TX

Peachtree’s management division will operate the property

TownePlace Suites Forney 2025

Peachtree Group recently opened the 87-suite TownePlace Suites Forney in Forney, Texas.

TownePlace Suites Forney Debuts with Modern Suites in Texas

TownePlace Suites Forney is now open in Forney, Texas. Peachtree Group, which developed the 87-suite property, will operate it for TEKMAK Development.

The pet-friendly hotel, located 22 miles east of Dallas, features a 24-hour fitness center and an outdoor pool, the companies said in a joint statement. It is near the Spellman Museum of Forney History and Mesquite Metro Airport HQZ.


“As we continue to expand our third-party management platform, we remain focused on partnering with top-tier companies that share our commitment to operational excellence,” said Vickie Callahan, Peachtree’s president of hospitality management. “TEKMAK has been an outstanding partner, developing hotels that are both professionally executed and uniquely designed to stand apart in their competitive set, connecting each property to its local community.”

In 2023, Peachtree partnered with TEKMAK to manage a selection of its Texas hotels and now oversees six properties: Fairfield Inn & Suites Paris, SpringHill Suites Dallas Rockwall, SpringHill Suites Lindale, TownePlace Suites Dallas Rockwall, TownePlace Suites Forney, and TownePlace Suites Paris.

Glenn Decker, TEKMAK’s president, expressed excitement about joining the Forney community and serving the nation’s fastest-growing county with the new TownePlace Suites.

“We’re grateful for the Peachtree team’s hard work in getting the hotel open and are thrilled about the strong leadership they’ve assembled to manage daily operations,” he said. “We take great pride in the quality of the hotels we develop and have full confidence in Peachtree’s ability to deliver an equally high level of service to our guests.”

Atlanta-based Peachtree is led by CEO and Managing Principal Greg Friedman, Managing Principal and Chief Financial Officer Jatin Desai, and Principal Mitul Patel, while Dallas-based TEKMAK is led by Chief Executive Officer and President Thomas Kirkland.

“Third-party hotel operators are increasingly recognized for delivering superior service, often outperforming chain-managed hotels in key areas that matter most to guests,” Callahan said. “The opening of TownePlace Suites Forney reflects the strength of our collaboration and our shared vision to exceed expectations and raise standards across every hotel we manage.”

In February, Peachtree opened a dual-branded TownePlace Suites with 51 suites and Fairfield Inn & Suites with 62 suites in Paris, Texas. Peachtree, the eighth-largest U.S. commercial real estate lender according to the Mortgage Bankers Association’s 2024 rankings, deployed $1.6 billion in credit investments.

More for you

Hyatt Studios Mobile Tillmans Corner

Hyatt Studios opens in Mobile, AL

3H Group and LBA Hospitality Lead Hyatt Studios Project

Hyatt Studios Mobile/Tillmans Corner is now open in Mobile, Alabama. The apartment-style hotel, which had a soft opening in February, was developed and franchised by 3H Group and is managed by LBA Hospitality.

Chattanooga, Tennessee-based 3H Group is led by President and CEO Hiren Desai, while Dothan, Alabama-based LBA Hospitality is headed by President Beau Benton.

Keep ReadingShow less
Comfort Inn East Evansville exterior after Shriv Shakti Hospitality acquisition in 2025

Shriv Shakti acquires Comfort Inn in Evansville, IN

Shriv Shakti Hospitality Secures Comfort Inn East Evansville in Major Deal

SHRIV SHAKTI HOSPITALITY recently acquired the three-storey 111-key Comfort Inn East Evansville in Evansville, Indiana, from Priyansu Hotels for under $50,000 per room. Brandt Niehaus, president of Huff, Niehaus & Associates Inc. and a member of Hotel Brokers International, brokered the transaction.

The new owner will maintain the Choice Hotels affiliation and plans improvements for the property, Huff, Niehaus & Associates said in a statement. Evansville, Indiana’s third-largest city, is the economic hub of a 24-county region and a trade center for parts of Indiana, Illinois and Kentucky.

Keep ReadingShow less
The historic two-story marble lobby of the Westin Great Southern Hotel in Columbus, Ohio, acquired by Whitestone Capital in 2025, showcasing its 1896 architecture.

Step Into History: Whitestone Acquires Westin Columbus in 2025

Whitestone Capital Acquires Historic Westin Columbus in 2025

WHITESTONE CAPITAL, A subsidiary of Whitestone Cos., acquired the 189-key Westin Great Southern Hotel in Columbus, Ohio, in an all-cash deal—its 14th purchase in 24 months and first in downtown Columbus. The company selected ZMC Hotels to manage the property.

Whitestone Cos. is led by CEO Jay Batra.

Keep ReadingShow less
Hilton Garden Inn Louisville East, a 122-key hotel in Kentucky, under a partly cloudy sky, acquired by HBS Investment Group in March 2025, near the University of Louisville and Kentucky Derby attractions
Photo credit: Hunter Hotel Advisors

HBS Investment Group Acquires Hilton Garden Inn Louisville East in Major Portfolio Expansion

Who acquired the Hilton Garden Inn Louisville East?

HBS INVESTMENT GROUP, owner of HBS Hospitality, recently acquired the 122-key Hilton Garden Inn Louisville East in Louisville, Kentucky, from an institutional seller, according to Hunter Hotel Advisors. HBS is led by Principal and CEO Nimish Patel.

Hunter’s Tim Osborne, senior vice president, facilitated the transaction.

Keep ReadingShow less