Peachtree Hotel Group has acquired the 176-room Canopy by Hilton Atlanta Midtown hotel.

Peachtree Hospitality Management, a division of Peachtree, will operate the properties.

The 15-story lifestyle hotel is in Midtown Atlanta, one of the region’s defining urban districts.

“Midtown Atlanta is one of the hottest markets in the country right now, and we are excited to be able to make this investment in our backyard,” said Brian Waldman, Peachtree’s chief investment officer. “The Canopy Atlanta Midtown fits our investment criteria of investing in premium-branded hotels in growing submarkets with strong demand drivers.”