Stonehill Provides Bridge Loan for Santa Monica’s Georgian Hotel

Stonehill originated the loan for the joint venture’s recapitalization and extensive renovation plans at the 1933-built, 84-key hotel. The JV acquired the hotel in August 2020 for an undisclosed price.

Atlanta-based Stonehill is off to an active start in early 2022, which involved originating a $58.1 million bridge loan last month for the ASAP International Hotel to acquire the Maui Seaside Hotel in Kahului, Hawaii. The direct hospitality lender, which is affiliated with the Peachtree Hotel Group, also deployed a $30 million financing package for the recapitalization of a national Hyatt hotel portfolio in January.

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Stonehill Ranks as 10th Largest U.S. Hotel Lender by MBA

COMMERCIAL REAL ESTATE lender Stonehill is ranked as the 10th largest U.S. commercial real estate hotel lender by origination volume based on the 2021 Mortgage Bankers Association loan origination rankings. The ranking comes after the company originated $822 million in loans across 30 transactions in 2021 with an average transaction size of $27.4 million.

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Peachtree Increases Footprint with Acquisition of Seven Hotels

Peachtree Hotel Group continues to capitalize on the hotel industry’s recovery by acquiring seven premium-branded hotels for approximately $135 million. The acquisitions, totaling 829 rooms, include six Hilton hotels and one Marriott hotel. All hotels will be operated by Peachtree Hospitality Management (PHM), a division of Peachtree.

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How Peachtree Hotel Group is investing for the future

Real estate private equity investment management company Peachtree Hotel Group was created in one financial crisis and is now looking to help hoteliers through another one.

Peachtree works with hoteliers through several different internal divisions, said Brian Waldman, Peachtree’s EVP of investments. One buys hotels, one builds and renovates hotels, one manages the owned hotels (as well as third-party properties), one manages assets, one—Stonehill—finances hotels and one handles the capital markets business that let the company make its investments.

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Peachtree Hotel Group Strengthens Leadership Team to Support its Growth

“The success Peachtree is experiencing is creating significant opportunities for us in the talent space,” said Greg Friedman, Peachtree’s CEO. “These promotions support our strategic growth objectives, and we expect to have additional promotions and appointments as we further scale up our operations.”

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Greg Friedman selected to join the Real Estate Roundtable

Greg Friedman, Peachtree Hotel Group's managing principal, CEO and co-founder, was accepted into the Real Estate Roundtable, an invitation-only professional organization of commercial real estate leaders who share a commitment to shaping the industry's future.

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Stonehill Originates $58M Bridge Financing for Maui Seaside Hotel in Hawaii

“Our hotel experience and understanding of the complexities of a significant conversion to a major brand were essential for providing the sponsor with a creative and cost-efficient capital solution,” Keegan Bisch, a Vice President at Stonehill, told Commercial Observer. “Having this industry knowledge of originating complex hotel transactions as well as the quickness and certainty of execution differentiates Stonehill in the market.”

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Stonehill PACE doubles originations in ’21

Stonehill PACE completed approximately $150 million in commercial property assessed clean energy (C-PACE) loans over the past 12 months for renewable energy and energy-efficient components and seismic retrofitting within the hospitality, multi-family, senior living, industrial and mixed-use real estate sectors.

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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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