17 Jan2022

Hunter Hotel Advisors Closes Sale of Embassy Suites in Kennesaw, Ga.

Hunter Hotel Advisors (“HUNTER”) is pleased to announce the sale of the Embassy Suites Kennesaw Town Center in Kennesaw, Georgia. Peachtree Hotel Group purchased the property from Townpark Hotel Holdings, LLC on Dec. 15, 2021. Robert Taylor, Executive Vice President of HUNTER, advised the seller on the deal.

“HUNTER is a good friend of ours.  We felt they had the experience in the market and understood the asset.  They found the right buyer in Peachtree Hotel Group and helped move it quickly,” said Kelly Sapp-Schatz, President of Townpark Hotel Holdings, LLC.

“We are excited about this acquisition as it represents a great opportunity to acquire a well-located, nationally recognized brand that has historically outperformed its competitive set,” said Greg Friedman, Peachtree’s CEO.

Built in 2009, the 192-room property recently underwent a significant renovation worth more than $3 million. It is less than a mile from the fastest-growing and second-largest school in Georgia, Kennesaw State University. In addition to a growing student population, Embassy Suites Kennesaw Town Center also serves a four-building office park, a Bank of America corporate office, and a Kaiser Permanente campus. The only full-service hotel in Kennesaw, the Embassy Suites will continue to attract an impressive majority of large meetings and events in the area.

“There was tremendous interest in this offering due to the quality of the asset and growth in the market,” said Robert Taylor, Executive Vice President of HUNTER.

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