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TownePlace Suites opens in Tuscaloosa, Alabama

The 93-suite hotel is owned by Vision Hospitality

The TownePlace Suites by Marriott Tuscaloosa University Area is now open in Tuscaloosa, Alabama. It is owned by Chattanooga, Tennessee-based Vision Hospitality Group, led by Mitch Patel as president and CEO.

The 93-suite hotel is near the University of Alabama, the Alabama Museum of Natural History, Paul W. Bryant Museum, and Tuscaloosa Amphitheater. Amenities include an indoor saltwater pool and a fitness center. It is pet friendly.


“As the top sports destination in the state, over half a million visitors pass through Tuscaloosa every year,” Patel said. “We are excited to join the community by offering fans and families visiting the campus, a new, extended stay experience.”

Vision Hospitality partnered with Eraa Hospitality to develop the hotel.

In May, Vision Hospitality was named a “Best Place to Work” by Edge magazine, a business publication of the Chattanooga Times Free Press in Chattanooga.

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Peachtree Group's Equipment Finance Hits $30M Milestone
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Peachtree’s equipment finance hits $30M

Summary:

  • Peachtree posted nearly $30 million in equipment finance transactions in its first quarter.
  • The division was created to fill a gap as banks reduce lending to middle-market borrowers.
  • Deals covered equipment for transportation, technology and material handling.

PEACHTREE GROUP’S EQUIPMENT finance division closed $29.8 million in capital lease and fair market value transactions across multiple industries in its first full quarter following the platform’s October launch. The deals included equipment for transportation, technology and material handling.

Peachtree Equipment Finance was created to address a gap in the equipment leasing market as banks reduce exposure to middle-market borrowers, Peachtree said in a statement. It focuses on capital leases and FMV transactions structured to businesses’ operational needs.

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