Industry News and Investment Knowledge

Stonehill today announced that it has closed 14 transactions, totaling more than $175 million year-to-date through 2018. The company expects to close on an additional $125 million in deals by year’s end. The transactions include nine bridge loans, two note acquisitions, one preferred equity position and two permanent loan closings.

Officials of the PRISA Group, a family-owned developer, builder and owner of hospitality, resort and entertainment projects in Puerto Rico and Florida, together with its capital partners Peachtree Hotel Group and Argosy Real Estate Partners, today announced the grand opening of the newly constructed, 175-room AC Hotel by Marriott Tampa/Airport – Westshore.

Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, today announced the grand opening of the 98-room Hilton Garden Inn Jackson in Tenn.

Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, today announced it made five hotel acquisitions for approximately $105 million and undertook five development projects for $85 million during 2017, expanding its portfolio of select- and limited-service hotels by approximately 700 rooms nationwide.

Stonehill today announced that it has closed 15 transactions totaling over $250 million through Q3 2017 and expects to close on an additional $100 million by year’s end. The transactions include ten bridge loans, two permanents loans, two preferred equity investments and one mezzanine loan.

Officials of Peachtree Hotel Group (PHG) announced the separate, completed acquisitions of the 123-room Element Denver Park Meadows in Colo., the 135-room Hampton Inn Green Bay Downtown in Wis., and the 136-room Aloft Tempe in Ariz.

Atlanta-based Peachtree Hotel Group has sold the AC Hotel by Marriott in downtown Atlanta to Austin, Texas-based Summit Hotel Properties Inc. for $57.5 million. The 255-room hotel — a redevelopment of a former Holiday Inn — opened in May 2017 after undergoing approximately $20 million in renovations.

Officials of Peachtree Hotel Group (PHG) today acquired the 96-suite TownePlace Suites Gainesville Northwest in Fla., from Gainesville Investment Lodging, LLP, a subsidiary of 3H Group, Inc., for an undisclosed sum. The transaction was brokered by Hospitality Real Estate Counselors (HREC).