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VERO BEACH, Fla., April 30, 2015 - Officials of Peachtree Hotel Group, one of the nation's fastest growing hotel investment and management platforms, today announced the grand opening of the 90-room Hampton Inn & Suites Vero Beach Downtown.  Owned by VBH Miracle Mile LLC, and operated by Peachtree, the hotel was conceived by Vero Beach residents Frank Christy, Christy & Associates president, and Keith Kite, managing member of Kite Properties LLC.  The lender for the project is WesBanco, a West Virginia regional bank holding company. 

"The Hampton Inn & Suites Vero Beach Downtown is our fifth hotel in Florida, a thriving market we will continue to watch with interest for future investment opportunities," said Tammie Taylor, Peachtree vice-president of operations.  "With our existing Florida portfolio concentration and local market expertise, we expect this hotel to ramp up quickly and become the preferred, select-service destination in the area."

Situated at 611 20th Place, the three-story hotel is within walking distance of the pedestrian-friendly Miracle Mile and its numerous restaurants, entertainment, shopping and services.  The hotel enjoys close proximity to the Atlantic Ocean and its beaches, the Indian River Lagoon and numerous golf courses, making it the ideal location for both business and leisure travelers.

Hotel amenities include free Wi-Fi, 24-hour business center, oversized fitness center with state-of-the-art equipment and plenty of room to work-out and outdoor pool.  Guests also can enjoy a complimentary, daily hot morning meal in the hotel's spacious breakfast area or take an "On the Run" breakfast bags to go during weekdays.  The breakfast area is available as shared public space throughout the day and night and offers an upgraded communal table for small groups to gather.  Hotel facilities include a flexible meeting room with 1,900 square feet of event space that can accommodate up to 80 people.  A separate board room can accommodate up to 12 people.

Each guest room includes the Clean and Fresh Hampton Bed™, 42" HDTV, microwave, mini-refrigerator and coffeemaker.  The Hampton Inn & Suites' studio suites offer these great amenities, as well as additional space, sofa bed and wet bar.

"Today's traveler expects branded hotels to include an element of local authenticity, and the Hampton Inn & Suites Vero Beach Downtown speaks directly to that desire," said Brenda Celano, general manager.  "The hotel is the perfect pairing of Hampton's high standards for services and amenities accentuated by local photography created especially for the hotel by resident photographer Mary Lou Christy with additional interior design work by Vero resident Sandy Ostrom.  This hotel was conceived long before Miracle Mile came to fruition, but we believe it was well worth the wait.  With its custom interior decorating, the Hampton Inn & Suites Vero Beach Downtown stands above its competitive set as one of the finest hotels in the entire area."

About Christy & Associates, Inc.

Founded in 1973, Christy & Associates, Inc. is a diversified business development company with offices located in Vero Beach, Fla., and Marietta, Ohio.  In recent years Christy & Associates, Inc., has expanded its lodging and hospitality focus with the opening of Hampton Inns in both Marietta and Cambridge, Ohio. In 2014, the company opened a new Microtel Inn & Suites in Cambridge, Ohio, adding to existing Microtels in Marietta and Mineral Wells / Parkersburg, West Virginia.   Christy & Associates, Inc., has won numerous hospitality awards since entering the lodging business in 1980. The Cambridge Hampton Inn received the prestigious "Connie Award" from Hilton Hotels as the #1 Hampton Inn in the United States for 2007.  Please visit the company online at http://christyandassociates.com.

About Kite Properties, LLC

Kite Properties, LLC is a real estate investment advisory firm founded in 2001. The company's exclusive focus is on the sale of retail properties throughout the United States. Kite Properties specializes in investment sales of single-tenant, net-lease properties, shopping and lifestyle centers. With more than 30 years of experience, Kite Properties, LLC has proven to be a smart, successful choice for investors.   Kite Properties, LLC is an affiliate of Coldwell Banker Commercial Paradise. The Coldwell Banker Commercial® organization is a worldwide leader in the commercial real estate industry. Coldwell Banker Commercial is part of the oldest and most respected national real estate brand in the country.  Additional information on the company can be found online at www.kitepropertiesllc.com

About Peachtree Hotel Group

Peachtree Hotel Group operates, develops and invests in premium-branded, select and limited-service and extended-stay hotel assets under the Marriott, Starwood, Hilton, Hyatt, Choice and InterContinental Hotels Group flags. Peachtree's current portfolio representing $410 million in total investments is comprised of 54 hotel assets totaling 5,199 rooms, including 28 real estate assets and 26 notes. For more information, please visit  www.peachtreehotelgroup.com.

Contact: Chris Daly, media

chris@dalygray.com / (703) 435-6293

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