Peachtree Group, a prominent commercial real estate investment firm with a multi-billion-dollar portfolio, has expanded its reach with its fifth hotel acquisition structured as a Delaware Statutory Trust (DST). This latest addition is the 128-key Residence Inn Tampa Wesley Chapel, located in the thriving Tampa, Florida area. This acquisition comes on the heels of Peachtree’s successful closing of the Home2 Suites by Hilton Atlanta Sugarloaf DST in August.
Peachtree’s DST acquisitions offer investors a unique opportunity to participate in the lucrative hotel industry through a 1031 exchange. This tax-advantaged strategy allows investors to reinvest proceeds from appreciated real estate sales, deferring capital gains taxes while maintaining a strong presence in the flourishing hotel sector.
The Residence Inn Tampa Wesley Chapel is strategically situated in Pasco County, a rapidly growing suburban community just 20 miles from downtown Tampa. Pasco County has experienced a significant population surge, with a nearly 9% increase from 2020 to 2023, driven by both residential and commercial development. This growth trajectory makes the hotel an attractive investment opportunity.
Peachtree’s portfolio of five DST acquisitions, including the 130-key Home2 Suites by Hilton Atlanta Sugarloaf, 100-key Courtyard by Marriott Atlanta Kennesaw, 126-key Home2 Suites by Hilton Chandler in the Phoenix area, 98-key Hilton Garden Inn in Jackson, Tenn., and the newly acquired Residence Inn Tampa Wesley Chapel, represents over $150 million in debt-free real estate transactions.
These acquisitions align perfectly with Peachtree’s core DST investment strategy, focusing on recognized hotel brands in high-growth markets, value-add opportunities, and properties managed by experienced hotel management teams. This strategic approach ensures strong long-term potential for investors.
Peachtree remains committed to innovation and investor satisfaction, providing seamless opportunities for 1031 exchange investors to transition capital gains into new passive investments. With its commitment to quality and its focus on strategic growth, Peachtree Group continues to be a leading force in the commercial real estate industry, offering investors a compelling avenue to participate in the thriving hotel sector.
