Industry Spotlight featuring Christopher Nassetta, President and CEO of HiltonApril 21, 2021
Industry Spotlight - Volume 2 - A transcript of our conversation with Christopher Nassetta, President and CEO of Hilton. He is an influential leader in our industry, and we were fortunate to get his insight into the hotel market and his outlook for the future. We look forward to bringing you additional Industry Spotlights in the future with our leadership team and prominent industry leaders and decision-makers on issues impacting the economy, industries and businesses.
Stonehill Strengthens PACE Platform with Key Appointments to Meet Growing Demand for Energy-Efficient BuildingsApril 21, 2021
Stonehill, a leading direct hospitality lender, announced new leadership appointments supporting its growing Stonehill PACE lending platform. The commercial property assessed clean energy ("PACE") focused unit has extended its leadership role by financing commercial loans to companies involved in renewable energy, energy-efficient components and seismic retrofitting. Over the past year, Stonehill PACE has completed more than $171 million in commercial PACE loans for clean energy measures and seismic retrofitting, primarily in California, Colorado, Florida, Kentucky, Missouri, Nevada and Texas.
PHG Ranks #5 on Atlanta’s Largest Private Equity Firms ListApril 19, 2021
Atlanta's 20 Largest Private Equity Firms Ranked by Capital under management
Peachtree Hotel Group Promotes Michael Ritz to Vice President of InvestmentsApril 8, 2021
Peachtree Hotel Group announced it promoted Michael Ritz to vice president of investments. Ritz is responsible for managing the origination, underwriting and deal execution of the company's debt and equity investments
Stonehill Names Nick Baer Vice President of Business DevelopmentMarch 17, 2021
Stonehill announced it has named Nick Baer to the newly created position of vice president of business development. Baer is responsible for originating and structuring debt and equity investments across Stonehill's hospitality lending platform and helping to drive its strategic growth efforts. He will report to Stonehill's executive vice president, Brent LeBlanc.
Courtyard by Marriott Indianapolis Plainfield Opens in IndianaFebruary 16, 2021
Courtyard by Marriott Indianapolis Plainfield has opened its doors in Plainfield, Indiana. Located at 450 Marketplace Mile in Plainfield, Indiana, the 117-room hotel near Indianapolis International Airport will operate as a Marriott franchise, owned and developed by Peachtree Hotel Group and managed by Peachtree Hospitality Management.
Hotel Operators Gear Up To Manage A Flood Of Bank-Owned PropertiesJanuary 6, 2021
A wave of hotels is expected to be taken over by banks and other lenders in the coming months, and some hospitality industry players are looking to build up management arms in hopes of operating those properties for their new owners.
Stonehill Closes on Nine CPACE Loans Totaling $100 Million in Q4January 6, 2021
Officials of Stonehill today announced the company’s PACE Division closed on nine Commercial Property Assessed Clean Energy (CPACE) loans totaling $100 million during the fourth quarter of 2020. The company also announced it is on track to close an additional $80 million in CPACE financing over the coming 90 days.
Peachtree Hospitality Management Forms Strategic Partnership with Zenique HotelsJanuary 5, 2021
Officials of Peachtree Hotel Group, one of the nation's fastest growing hotel investment and management platforms, and Zenique Hotels, a family-owned hotel owner, developer and operator based in Calif., today announced the two organizations have formed a strategic partnership. Under the terms of the agreement, Peachtree Hospitality Management (PHM), PHG's operational division, will manage Zenique's current portfolio of four hotels. The strategic partnership also makes PHM the operator of all Zenique's future hotels as it continues to grow nationwide.
Jamey Cua Named Vice President of Business Development of Peachtree Hospitality ManagementDecember 1, 2020
Peachtree Hotel Group, one of the nation’s fastest growing hotel investment and management platforms, today named Jamey Cua vice president of business development for its hotel operations and management division, Peachtree Hospitality Management (PHM). In the newly created role, Cua will be responsible for creating growth in third-party management partnerships by leveraging industry relationships and identifying new management opportunities.
Tapestry Collection By Hilton Welcomes Cumberland House Knoxville To One Of Tennessee’s Most Culturally Rich CitiesNovember 12, 2020
A new chapter begins in 'The Maker City' with the debut of Cumberland House Knoxville, Tapestry Collection by Hilton. After an extensive top-to-bottom and inside and out renovation and brand conversion, the hotel opens its doors today at 1109 White Avenue.
Patrick Short Named President of Peachtree Hospitality ManagementAugust 10, 2020
Officials of Peachtree Hotel Group, one of the nation’s fastest growing hotel investment and management platforms, today announced the promotion of Patrick Short to the president of its hotel operations and management division, Peachtree Hospitality Management (PHM). In this role, Short will provide cross-discipline leadership and strategic direction to PHM’s portfolio of 50 hotels.