Portman, the full-service real estate investment, development and management firm, has announced that Portman Hospitality Fund I, has acquired the Westin Peachtree Plaza, a 1,073-key full-service hotel in downtown Atlanta, from Marriott International. The hotel will remain in Marriott’s portfolio under a long-term management agreement.
Portman Hospitality Fund I is focused on pursuing branded, large-scale full-service hotels in major U.S. markets — assets where comprehensive renovation and brand repositioning can unlock long-term value. Portman will execute the strategy in-house through its vertically integrated platform spanning design, development, capex and hotel operations.
“The fund reflects Portman’s continued focus on creating long-term value through disciplined investment strategies that build on our deep real estate experience,” said Ambrish Baisiwala, chairman and CEO of Portman. “As we continue to grow and diversify our investment platform, we re
