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Image Hotels acquires Courtyard by Marriott in North Charleston, SC

The company is led by Jay Patel as chairman and CEO and Kal Patel as president and COO

Image Hotels acquires Courtyard by Marriott in North Charleston, SC

SAVANNAH-BASED IMAGE Hotels recently acquired the Courtyard by Marriott North Charleston Airport/Coliseum in South Carolina. The hotel development and management company, which was founded in 1978, is led by Jay Patel as chairman and CEO and Kal Patel as president and COO.

“We are thrilled to add the Courtyard by Marriott in North Charleston to our growing portfolio and to expand our footprint into South Carolina,” said Kal Patel. “We expect the hotel to appeal to travelers coming to Charleston seeking a popular brand with modern amenities.”


The hotel, near Charleston International Airport, provides access to the North Charleston Coliseum and Performing Arts Center, Charleston Tanger Outlets, Charleston Area Convention Center, South Carolina Aquarium, and various shopping, dining, and entertainment options, Image Hotels said in a statement.

Hotel amenities include an outdoor pool, a 24-hour fitness center, a complimentary business center, two meeting rooms, and a courtyard area, the company said.

SAK Developers, led by founding partners Waheed Ashiq, Vipul Kapila, and Khurram Sindhu, recently acquired Staybridge Suites Tysons-McLean in Tysons-McLean, Virginia, for an undisclosed amount.

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Peachtree Group's Equipment Finance Hits $30M Milestone
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Peachtree’s equipment finance hits $30M

Summary:

  • Peachtree posted nearly $30 million in equipment finance transactions in its first quarter.
  • The division was created to fill a gap as banks reduce lending to middle-market borrowers.
  • Deals covered equipment for transportation, technology and material handling.

PEACHTREE GROUP’S EQUIPMENT finance division closed $29.8 million in capital lease and fair market value transactions across multiple industries in its first full quarter following the platform’s October launch. The deals included equipment for transportation, technology and material handling.

Peachtree Equipment Finance was created to address a gap in the equipment leasing market as banks reduce exposure to middle-market borrowers, Peachtree said in a statement. It focuses on capital leases and FMV transactions structured to businesses’ operational needs.

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