Peachtree completes record-breaking ‘21

Peachtree Hotel Group, a real estate private equity investment manager, revealed that its total investment activity for 2021, inclusive of acquisitions, developments, lending and hotel investments, amounted to a record of $2.0 billion in total capitalization through 140 transactions.

“We are extremely pleased to have completed an extraordinary year of investment activity,” said Greg Friedman, CEO, Peachtree. “Our strategy of investing up and down the capital stack and opportunistically pivoting as markets shift allows us to capitalize on investments during any business cycle. 2021 exemplified our ability, and we expect that 2022 should be another strong year on the investment side.”

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Stonehill has supplied a $30 million financing package for the recapitalization of a national Hyatt hotel portfolio

Stonehill has supplied a $30 million financing package for the recapitalization of a national Hyatt hotel portfolio, Commercial Observer has learned.

“With the hospitality industry in a sustained recovery cycle, hotel owners are looking for thoughtful options with capital partners that understand the complexity of the industry, particularly considering the impact of the pandemic on hotel operators,” Stonehill Principal Matt Crosswy said in a statement. “This transaction reflects our ability to understand a complex transaction and quickly meet our sponsor’s financial deadlines.”

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Peachtree Hotel Group Continues Growth Strategy with the Acquisition of Two Hotels

Peachtree Hotel Group announced the acquisitions of the 207-key, AC Hotel Miami Aventura and the 233-key, Aloft Miami Aventura, in Aventura, Florida, which is part of the Miami metropolitan area. Peachtree Hospitality Management ("PHM"), a division of Peachtree, will operate the properties.

“With strengthening economic tailwinds boosting hotel fundamentals and compelling cap rates compared to other asset classes, the lodging sector is among the best real estate classes for investing. Also, with the ongoing inflationary environment, hotels are an excellent hedge against inflation due to daily adjustments in average daily rates," said Greg Friedman, Peachtree's CEO.

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Peachtree Hotel Group Acquires Two Hotels in California

Peachtree Hotel Group, in its first joint venture partnership with Verakin Capital, announced the acquisition of the 81 key, Hampton Inn & Suites and the 60-key, La Bellasera Hotel & Suites, in Paso Robles, California. Peachtree Hospitality Management, a division of Peachtree, will operate the properties.

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BURE

Greg Friedman caught up with the Boston University Real Estate Club to discuss Peachtree's evolution, current investment activities, the impact of Covid-19, and more for the Club's Leaders in Real Estate Guest Speaker Series.

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Peachtree Hotel Group Appoints Randy Lee as Vice President of Investments

Peachtree Hotel Group announced that Randy Lee has joined the company as vice president of investments. Lee’s responsibilities will include managing the company’s dispositions and supporting real estate investment executions.

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Stonehill, a lending division within Peachtree Hotel Group, has provided TPI Hospitality with $104 million in construction debt for it to build out its long-planned Margaritaville Resort in Fort Myers Beach, Fla., Commercial Observer has learned.

The financing from Stonehill was just another step along its campaign to help fill the void that currently exists in the market for hospitality construction debt. Most recently, the lender originated a $28 million loan to fund construction on a 167-key, all-suite Marriott SpringHill Suites hotel in Tampa.

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Peachtree adds two female industry vets to management division

Peachtree Hotel Group has appointed Delana Meyer as VP, digital media and strategy and Jeanne Montgomery Smith as VP, revenue to its hotel operations and management division, Peachtree Hospitality Management. They will report to PHM’s SVP, revenue generation, Vickie Callahan. Consistent with PHM’s objective of fostering an environment of gender equality, these executive appointments confirm the company’s commitment to this important area. PHM has approximately 50% of women in leadership positions.

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Exploring One Hotel Investor’s Distressed Strategy

Atlanta-based Peachtree Hotel Group is putting the capital it has raised for opportunistic hospitality investments to work. The real estate private equity investment firm recently announced that it had hit a major milestone, acquiring more than $1 billion in stressed and distressed real estate assets since June 2020.

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Stonehill to Lend $1.25 Billion in 2021, Up 74 Percent from Last Year

COMMERCIAL REAL ESTATE lender Stonehill expects to deploy around $1.25 billion in 2021, a 74 percent increase from last year, according to the company. Its parent company, Peachtree Hotel Group, has acquired more than $1 billion in stressed and distressed real estate assets since June 2020.

Stonehill has provided loans worth $612 million across 64 transactions year-to-date in first mortgage permanent and construction loans, bridge, and mezzanine loans and hotel investments, it said in a statement.

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Peachtree Hotel Group Acquires More Than $1 Billion of Stressed and Distressed Assets

Peachtree Hotel Group, a real estate private equity investment firm, announced that it had acquired more than $1 billion in stressed and distressed real estate assets since June 2020.

“We have capitalized on the dislocation created by the pandemic with investments in assets at a lower cost basis than pre-pandemic pricing,” said Greg Friedman, Peachtree’s CEO. “Our strategy of opportunistically pivoting as the markets change allows us to capitalize on investments during any cycle.”

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Industry Spotlight featuring John Chang – Senior Vice President, National Director of Research and Advisory Services – Marcus & Millichap

Industry Spotlight - Volume 4 - A transcript of our conversation with John Chang - Senior Vice President, National Director of Research and Advisory Services of Marcus & Millichap 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.

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