AC Hotel Scottsdale Old Town Officially Opens in Scottsdale’s Entertainment District
Old Town Scottsdale is now home to a modern, European-inspired hotel, AC Hotel Scottsdale Old Town, located at 7117 E. 3rd Ave. Designed for travelers who value intentional design and elevated simplicity, the six-story hotel brings AC Hotels by Marriott’s signature European-inspired aesthetic and “Perfectly Precise” guest experience to one of the city’s most dynamic…
Read MorePEG Hospitality Group Announces Leadership Team Ahead of July Opening for New Marriott Dual-Brand Hotel in Las Colinas
IRVING, Texas — PEG Hospitality Group today announced the appointment of Jason Aulds as General Manager and Taylor Griffin as Director of Sales for the new dual-branded Courtyard by Marriott Irving Las Colinas and Residence Inn by Marriott Irving Las Colinas, located at 480 E. John Carpenter Freeway in Irving, Texas. The appointments mark a…
Read MorePEG and McNair Interests Partner with Simon® to Break Ground on Residence Inn Peabody in Suburban Boston
PEABODY, MA – February 6, 2025 – PEG, a leading vertically integrated owner, operator and developer of multifamily, hospitality and build-to-rent assets in the U.S. and Canada, and Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations have successfully closed on financing and commenced construction on the Residence…
Read MorePEG Companies Appoints Garett Bjorkman as Co-Chief Executive Officer
PROVO, Utah – PEG Companies [“PEG”], a leading commercial real estate investment firm, today announced the appointment of Garett Bjorkman as Co-Chief Executive Officer alongside Founder and Chief Executive Officer Cameron Gunter. This strategic move underscores PEG’s commitment to investing in its organizational infrastructure and asset management platforms as it prepares for its next chapter…
Read MorePEG Companies Appoints Inaugural Chief People Officer, Rachel Asbury
PROVO, Utah – In a strategic move to prioritize its most important asset—it’s people—PEG Companies [“PEG”] today announced the addition of a new executive position at the company, Chief People Officer [“CPO”]. Leading the charge as the firm’s inaugural CPO, Rachel Asbury, a steadfast member of the PEG team who previously served as Vice President,…
Read MorePEG Companies Expands Hospitality Portfolio with Strategic Acquisition of Residence Inn Salt Lake City Cottonwood
SALT LAKE CITY – PEG Companies [“PEG”], a leading commercial real estate investment firm specializing in opportunistic and value-add opportunities across the United States, closed on the acquisition of Residence Inn Salt Lake City Cottonwood. With financing from a CIM Group-managed fund, PEG is now preparing to execute a comprehensive Property Improvement Plan [“PIP”]. Located…
Read MorePEG Companies Breaks Ground on Largest Hotel-to-Apartment Conversion Project to Date
SEATTLE, WA – PEG Companies [“PEG”], a vertically integrated commercial real estate investment firm known for its unique approach to creating value, announced the commencement of construction on Avia Apartments on Pike, a transformative project set to bring attainable workforce housing to one of Seattle’s most coveted neighborhoods, the Capitol Hill district. Positioned at 1011 Pike…
Read MoreCommunity Groundbreaking Commences Idaho’s Largest Build-for-Rent Project
CALDWELL, Idaho – PEG Companies [“PEG”] and Canyon County community members gathered to celebrate the groundbreaking of Idaho’s largest build-for-rent [“BFR”] community, Alante Homes at Spring Run. The highly anticipated project will service 419 upscale for-rent single-family homes through PEG Capital Partners Fund IV, Build for Rent, LP [“PEG Fund IV”]. “Alante Homes at Spring Run is…
Read MorePEG Companies Secures Building Permits for Hotel-to-Apartment Conversion in Jacksonville, Florida
JACKSONVILLE, FL – PEG Companies [“PEG”], a vertically integrated commercial real estate investment firm, has secured building permits for a hotel-to-apartment conversion project that, upon completion, will become Avia Lofts on Liberty Ridge. Located at 8365 Dix Ellis Trail, the 112-unit property previously served as a Sonesta Suites extended-stay hotel. PEG acquired the building as…
Read MoreLargest ‘Self-Parking’ Mechanical Car Lift System in Mountain West Region Unveiled at Paperbox Lofts
SALT LAKE CITY, Utah – Residents at Paperbox Lofts are embracing a new way to park their cars. An innovative mechanical car lift system, which stacks cars in a vending machine-like fashion to save space, is opening at Paperbox Lofts. Thursday, municipal and project leaders gathered with the community to demonstrate how it works at a ceremonial…
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