Skip to content

Search

Latest Stories

TPG to manage two hotels in Augusta, GA

The properties include a 124-room Residence Inn and 88-room SpringHill Suites

TPG to manage two hotels in Augusta, GA

PEACHSTATE HOSPITALITY, LED by President and CEO Danny Patel, recently chose TPG Hotels & Resorts to manage its two Marriott-branded properties in Augusta, Georgia. These properties are the 124-room Residence Inn and the 88-room SpringHill Suites.

"Our ongoing partnership with TPG continues to allow us to remain an active investor in the hospitality space through our development platform," said Ricky Raman, PeachState Hospitality’s chief operating officer. "We are extremely impressed with TPG's operating expertise and capability to enhance both the top and bottom line, thereby increasing the value of our assets. We look forward to exploring additional opportunities to expand this partnership."


The hotels are located near I-20 and I-520, providing access to local attractions like Fort Gordon, Augusta National Golf Club, Augusta Museum of History, Morris Museum of Art, and Riverwalk Augusta. Both hotels have fitness centers and SpringHill Suites also has an indoor pool.

"We are extremely pleased to be adding more properties from PeachState Hospitality to our portfolio," said Ben Perelmuter, president of TPG. "We have proven that our operations, cultures, and core values as a company align with PeachState's and look forward to continue growing alongside them."

In January 2023, PeachState selected TPG Hotels to manage 10 properties, including eight Marriott select-service hotels and two IHG select-service hotels in Georgia.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less