Courtyard by Marriott Kennesaw
High-Growth Market
The hotel is located in Kennesaw, Georgia, and is positioned to benefit from the robust growth in the Atlanta-Sandy Springs-Roswell metropolitan statistical area (Atlanta MSA) and Kennesaw submarket. The City of Kennesaw is the foruth-largest city in Cobb County, Georgia, the third-largest county in the State of Georgia.
Dynamic Location
Kennesaw is home to Kennesaw State University (KSU), the second-largest university by enrollment in Georgia, and there is a significant concentration of industrial and office properties in Kennesaw to drive corporate demand. The KSU Center Museums and local historical attractions attract leisure travelers to the market.
Value-Add Opportunity
The quality of the hotel will be enhanced through renovations that include upgrades to the lobby area, corridors and guestrooms, which will bolster performance through focused marketing efforts to increase business from KSU and capture returning corporate accounts.
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Peachtree Closes 17 loans totaling more than $244MM in the last 90 days
Peachtree Group Closed 17 loans totaling more than $244MM in the last 90 days
Peachtree Group is a nationwide direct balance-sheet lender, offering competitive terms, in-house loan servicing, and flexible capital to handle a wide array of projects.
Peachtree provides full-stack debt capital solutions to qualified commercial real estate owners across all sectors throughout the U.S. We offer bridge, construction, mezzanine, preferred equity, CPACE, permanent and NNN financing.
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FEATURED: $20.5MM Development Loan for a Conversion
Peachtree Group worked with the Sponsor to convert a retail store to an industrial building in a sought-after area of Sacramento, CA.
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FEATURED: $12.5MM Bridge Loan for a Hotel
Peachtree Group worked with the Sponsor to pay off its maturing loan while executing a business plan to upgrade its property to better compete in the marketplace and retain its Hilton flag.
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Peachtree is an award-winning hotel lender. Contact us to discuss your deal.