Home2 Suites by Hilton St. Augustine I-95 OpensJuly 17, 2020
Developed and managed by Peachtree Hotel Group, Home2 Suites by Hilton St. Augustine I-95 offers guests convenient access to Historic St. Augustine, Flagler College and St. Augustine Beach.
Peachtree Hotel Group Opens SpringHill Suites Atlanta Perimeter Center Following Transformation and RebrandingJuly 8, 2020
Marriott International announced today that the SpringHill Suites by Marriott in Atlanta, Georgia is now open for business. The 150-suite hotel will operate as a Marriott franchise, owned by Peachtree Hotel Group and managed by Peachtree Hospitality Management both located in Atlanta, Georgia. General Manager Jennifer Geiger spearheads the management team at the property for Peachtree Hotel Group.
Element Orlando Universal Blvd Opens Near Orange County Convention Center OrlandoJune 29, 2020
The Element Orlando Universal Blvd, part of the Marriott International brand of hotels, opens at ICON Park in Orlando, FL on June 29, 2020. The eight-story hotel features 165 guest suites with its focus on sustainability, wellness, and caters to today’s healthy and active traveler.
Stonehill Secures Financing Facility for $100 Million in Property Assessed Clean Energy (PACE) Lending for All Asset ClassesMay 4, 2020
Officials of Stonehill today announced the company has secured financing for $100 million of Property Assessed Clean Energy (PACE) lending for all commercial real estate asset classes. The additional, privately-funded capacity already is being used to retroactively fund multiple development projects impacted financially by the on-going coronavirus pandemic.
Peachtree Hotel Group CEO Greg Friedman on how Covid-19 has affected hotelsApril 17, 2020
Greg Friedman, Peachtree Hotel Group CEO, joins “Squawk on the Street” to discuss how the coronavirus shutdowns have hurt the travel and hotel industry.
Peachtree Hotel Group (PHG) and Stonehill Promote Brent LeBlanc to Executive Vice-President of Business DevelopmentFebruary 12, 2020
Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, and its lending platform, Stonehill, today announced the promotion of Brent LeBlanc to executive vice-president of business development.
Peachtree Hotel Group (PHG) Completes 19 Transactions in 2019January 23, 2020
Peachtree Hotel Group (PHG) finalized 10 acquisitions, five opportunity zone and four ground-up developments during 2019.
Peachtree Hotel Group Launches Renovation and Rebranding of Four Points by Sheraton Knoxville Cumberland HouseDecember 12, 2019
Officials of Peachtree Hotel Group today announced the temporary transition of the Four Points by Sheraton Knoxville Cumberland House into the Cumberland House Knoxville while the hotel completes a $12 million, approximately six-month renovation to completely transform the hotel. Upon completion of the renovation in the early summer of 2020, the hotel will be rebranded as the Cumberland House Knoxville Hotel, Tapestry Collection by Hilton.
Following The Money: New financing options may help hotel developers close the dealNovember 1, 2019
Building a hotel is a serious investment involving complex financing deals. Putting together the funding is already a challenge and may become more challenging still if the economy takes a tumble.
Stonehill Improves Access to Alternative FinancingOctober 2, 2019
Stonehill today announced that it has increased its alternative financing capabilities for hotel projects. Year-to-date, the company has provided over $450 million in financing to 20 projects nationwide.
Stonehill Expands into Property Assessed Clean Energy (PACE) Lending for All Asset ClassesAugust 12, 2019
Stonehill today announced that it now provides Property Assessed Clean Energy (PACE) lending. The company also named Anne Hill president and Connor Murch director of business development. Together they will head up the newly formed Stonehill PACE division.
Stonehill and Innisfree Hotels Joint Venture Announce Successful Disposition of 182-Room Hampton Inn & Suites Panama City Beach in Fla.July 8, 2019
Stonehill, an affiliate of Peachtree Hotel Group, and Innisfree Hotels, a Florida-based hotel owner/operator founded in 1985, today announced the successful disposition of the 182-room Hampton Inn & Suites Panama City Beach in Fla. In partnership with Stonehill, Innisfree developed and opened the hotel in 2017. Innisfree retained ownership by restructuring its existing debt and equity on more favorable terms, taking advantage of favorable market conditions. Stonehill provided equity capital in a priority position to the sponsor.