PHM will assume operations of the SpringHill Suites Dallas Rockwall on Aug. 1, 2023, and is slated to handle two under-construction lodges.
ATLANTA – Peachtree Hospitality Management has entered into agreements with TEKMAK Development Company, a full-service hospitality improvement firm, to supply third-party administration providers for a portion of its resort portfolio. PHM will assume operations of the SpringHill Suites Dallas Rockwall on Aug. 1, 2023, and is slated to handle two under-construction lodges, a dual-branded TownePlace Suites by Marriott and Fairfield by Marriott in Paris, Texas, and a TownePlace Suites by Marriott in Forney, Texas.
“This is the second long-term management agreement we’ve entered into already in 2023, and we will continue to seek best-in-class partners like TEKMAK as we pursue our own third-party management growth goals,” stated Patrick Short, PHM’s president. “Our third-party operated portfolio continues to expand, currently accounting for nearly a third of our entire managed portfolio, and we expect to continue growing our third-party portfolio moving forward, ultimately surpassing our owned hotels.”
A division of Peachtree Group, PHM operates premium-branded, limited-, select- and compact full-service lodges primarily within the upper-midscale and upscale segments. Today, the corporate manages 92 lodges throughout 28 manufacturers with 11,186 rooms in 22 states. These three TEKMAK lodges enhance PHM’s third-party operations to 34 lodges.
“I first became familiar with the Peachtree team when they acquired our Hilton Garden Inn hotel in 2021. I am impressed with all aspects of this company, particularly their management division,” stated Thomas Kirkland, CEO, TEKMAK. “It quickly became clear that their culture and resources meshed well with our own, making this relationship a perfect fit for both. We continue to be impressed by their enthusiasm for TEKMAK, and we look forward to future opportunities together.”
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