TPG Hotels 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.