Industry News and Investment Knowledge

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.

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.

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.

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.

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.

Greg Friedman, Peachtree Hotel Group CEO, joins “Squawk on the Street” to discuss how the coronavirus shutdowns have hurt the travel and hotel industry.

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) finalized 10 acquisitions, five opportunity zone and four ground-up developments during 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.

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 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 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.