Peachtree Hotel Group, an Atlanta-based development, investment and management firm, is zeroing in on 3H Group’s new eight-story hotel in downtown Orlando.
The project under construction at 409 N. Magnolia Ave. will feature a dual-branded Hilton Garden Inn and Home2 Suites hotel, once complete. The site was formerly anchored by a 75-room Travelodge Orlando Downtown that was demolished earlier this year.
The CEO of 3H Group, Hiren Desai, told GrowthSpotter the company signed a development agreement with the Atlanta-based firm.
According to a deed recorded in Orange County, an entity tied to Peachtree paid $11 million for the land underneath where 3H Group is currently building the Hilton Garden Inn/Home2 Suites Orlando Downtown project.