Home Industries Hospitality & Tourism Atlanta company acquires downtown Milwaukee Fairfield Inn & Suites in sheriff’s sale

Atlanta company acquires downtown Milwaukee Fairfield Inn & Suites in sheriff’s sale

By
Cara Spoto
-
The Downtown Fairfield Inn & Suites at 710 N. Dr. Martin Luther King Drive. (Photo courtesy of Marriott)

An affiliate of Atlanta-based Peachtree Group has acquired the Fairfield Inn & Suites hotel in downtown Milwaukee in a sheriff’s sale, according to state records. The value of the transaction is listed at $8.5 million in the filing. The building is assessed by the city at $8.47 million. Located at 710 N. Dr. Martin Luther

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Cara Spoto
Cara Spoto, former BizTimes Milwaukee reporter.

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An affiliate of Atlanta-based Peachtree Group has acquired the Fairfield Inn & Suites hotel in downtown Milwaukee in a sheriff's sale, according to state records. The value of the transaction is listed at $8.5 million in the filing. The building is assessed by the city at $8.47 million. Located at 710 N. Dr. Martin Luther King Drive, the 103-room, Marriot branded hotel had previously been owned by an affiliate of Chicago-based Arbor Lodging Partners. The company had purchased the building in 2016 for $10.9 million. The hotel had been closed for about a year from 2020 to 2021, due to the COVID-19 pandemic. A foreclosure action was taken on the property in 2020. Peachtree Group is a private equity firm that owns dozens of hotels across the country, including two Staybridge Inn & Suites in Madison, the Hampton Inn in downtown Milwaukee and the Sonesta Milwaukee West hotel in Wauwatosa.

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