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Dive Brief:
Peachtree Group acquired the 100-room AC Hotel by Marriott in Park City, Utah, the Atlanta-based investment management firm announced Thursday.

Peachtree declined to disclose the financial terms of the transaction. The buy is Peachtree’s sixth hotel acquisition this year, following other recent purchases in Florida, New Jersey, Virginia, Georgia and Colorado. 

In a statement, CEO Greg Friedman said the current slowdown in transactions has allowed Peachtree to acquire several hotel properties at below-market prices. According to Peachtree, the Utah deal highlights “the growing equity investment opportunities re-emerging in the hospitality sector.”