Peachtree Hotel Group, LLC acquired Courtyard by Marriott Paso Robles from Lightstone Value Plus Real Estate Investment Trust II, Inc. for approximately $33 million.
March 27, 2022
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Peachtree Hotel Group, LLC agreed to acquire Courtyard by Marriott Paso Robles from Lightstone Value Plus Real Estate Investment Trust II, Inc. for approximately $33 million on February 10, 2022.
Peachtree Hotel Group, LLC completed the acquisition of Courtyard by Marriott Paso Robles from Lightstone Value Plus Real Estate Investment Trust II, Inc. on March 22, 2022.
Lightstone Value Plus REIT II, Inc. is a real estate investment trust (REIT). The Company is structured as an umbrella partnership REIT (UPREIT). The Company owns and operates commercial properties and makes real estate-related investments. The Company has primarily acquired and operated commercial hospitality properties, principally consisting of limited service hotels all located in the United States. Its commercial holdings may also consist of full-service hotels, and to a lesser extent, retail (primarily multi-tenanted shopping centers), industrial and office properties. It owns and operates approximately 10 limited service hotels containing a total of 1,352 rooms. Five of its consolidated limited service hotels are held through LVP Holdco JV LLC (the Hotel Joint Venture). The Company's advisor is Lightstone Value Plus REIT II LLC.
Peachtree Hotel Group, LLC acquired Courtyard by Marriott Paso Robles from Lightstone Value Plus Real Estate Investment Trust II, Inc. for approximately $33 million.
LIGHTSTONE VALUE PLUS REIT II, INC. 
