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Commercial Observer: Peachtree Group Provides $43M Loan in Fort Lauderdale Hotel Recap
Peachtree Group originated a $43.0MM recapitalization of the 218-room dual-branded Home2 Suites/Tru Fort Lauderdale Downtown.
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애틀랜타 (2024년 9월 30일) —피치트리 그룹 (“피치트리”) 는 다음과 같은 사실을 발표하게 되어 기쁩니다 브렌트 르블랑 현재 회사 전반에 걸쳐 회사의 비즈니스 개발 노력을 주도하고 있습니다. 투자 플랫폼.Brent는 비즈니스 개발 담당 수석 부사장으로 새로 취임하면서 수직 통합 투자 플랫폼을 성장시키고 확장하려는 Peachtree의 노력을 지원할 것입니다.그의 책임에는 크로스 마케팅 전략에 초점을 맞추고, 비즈니스 개발을 촉진하고, 혁신을 주도하고 새로운 기회를 포착하기 위한 투자 팀과의 긴밀한 협력이 포함됩니다.
약 30년의 호스피탈리티 부동산 경험을 보유한 LeBlanc은 성공적으로 호텔 브랜드를 론칭하고 미국 최대 호텔 운영자 및 개발업체와 복잡한 부동산 거래를 완료했습니다.
“올해 Peachtree의 거래 투자 가치가 100억 달러를 넘어섰습니다. 우리는 비즈니스를 더욱 성장시킬 수 있는 엄청난 기회를 보고 있지만 시장에서의 경쟁 우위를 강화하기 위해서는 비즈니스 개발 노력의 우선 순위를 정해야 한다는 것을 깨닫고 있습니다.” 라고 Peachtree의 전무 책임자 겸 CEO인 Greg Friedman은 말했습니다.“브렌트는 오랫동안 신뢰할 수 있는 리더이자 Peachtree의 비즈니스 개발을 효과적으로 이끌 적임자입니다.”
르블랑은 2012년 피치트리에 합류하여 미국 서부로 피치트리의 입지를 확장하고 메리어트, 힐튼, 하얏트, IHG와 같은 프리미엄 브랜드 호텔과의 관계를 강화하기 위한 공격적인 성장 전략을 이끌었습니다.이 기간 동안 르블랑은 기업 전체에서 40억 달러 이상의 부동산 거래에 참여했습니다.
르블랑은 “비즈니스 개발 노력의 핵심은 혁신과 전략적 파트너십에 대한 강한 의지”라고 말했다.“우리는 회사의 성장과 장기적 성공을 보장하기 위해 새로운 기회를 파악하고 활용하는 데 전념하고 있습니다.시장 동향에 지속적으로 적응하고 협업 문화를 조성함으로써 우리는 비즈니스를 발전시키고 뛰어난 성과를 달성할 수 있는 좋은 위치에 있습니다.”
르블랑은 가장 최근에 피치트리의 브로커-딜러 계열사인 피치트리 PC 인베스터즈 (이하 “PPCI”) 의 리더십 팀을 구성 및 확장하면서 자본 시장 담당 수석 부사장을 역임했습니다.그는 PPCI의 자본 시장, 투자자 관계 및 영업 활동을 확장하고 재무 및 규정 준수 운영을 강화하는 데 중요한 역할을 했습니다.특히 그는 작년에 Brian Cho를 PPCI 사장으로 영입했으며, 그는 앞으로도 주식 자본 시장의 모든 영역을 감독할 예정입니다.
“우리는 비즈니스 개발에 우선 순위를 두어 새로운 기회를 활용하고 진화하는 금융 환경을 탐색할 수 있는 입지를 다지고 있습니다.“그렉 프리드먼이 말했다.
피치트리 그룹 소개
Peachtree Group은 상업용 부동산에 기반을 둔 위축된 시장에서 기회를 식별하고 활용하는 것을 전문으로 하는 수직 통합 투자 관리 회사입니다.오늘날 이 회사는 인수, 개발 및 대출 전반에 걸쳐 수십억 달러의 자본을 관리하고 있으며 투자를 보호, 지원 및 확대하도록 설계된 서비스를 제공합니다.자세한 내용은 다음 사이트를 참조하십시오. www.peachtreegroup.com.
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Peachtree Group originated a $43.0MM recapitalization of the 218-room dual-branded Home2 Suites/Tru Fort Lauderdale Downtown. The floating-rate note carries a 36-month term with two extensions. The sponsor, Driftwood Capital, acquired the site in 2016 and developed the hotels, which opened in November 2020.
The dual-branded hotels (315 NW 1st Avenue) are in Fort Lauderdale's Flagler Village submarket, near key corporate and leisure demand drivers. Fort Lauderdale benefits from strong long-term fundamentals, bolstered by Florida’s position as the nation’s leader in net income migration. Downtown Fort Lauderdale has experienced significant growth, with a 35.4% population increase from 2020 to 2023. The area is home to approximately 200 company headquarters and is well-positioned for the continued return to office, with more than 70% of office workers back—20 percentage points above the national average. Key demand drivers include the Broward County Convention Center, which is expanding to become the nation’s sixth largest, and Port Everglades, one of the world's busiest cruise ports. These factors, combined with the region’s economic resilience, make Fort Lauderdale a compelling market.
With limited new supply and growing demand, Fort Lauderdale's market dynamics favor ADR growth. Expansion of the convention center, increasing cruise port activity, and strong economic fundamentals further support sustained demand.
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Commercial Observer: Peachtree Group Lends $59M on San Antonio Hotel Recap
Peachtree Group originated a $59.0MM recapitalization of the 343-room dual-branded AC Hotel and Element San Antonio Riverwalk.
Peachtree Group originated a $59.0MM recapitalization of the 343-room dual-branded AC Hotel and Element San Antonio Riverwalk. The floating-rate note carries a 36-month term with two, 12-month extensions. The sponsors, Winston Hospitality and Concord Hospitality Enterprises, purchased former office towers—Riverview Towers—in December 2019 and spent two and a half years undergoing a multi-phase, adaptive reuse renovation to transform them into dual-branded hotels, which opened in 2022.
Located adjacent to San Antonio's famed Riverwalk, the #1 attraction in Texas, the hotels benefit from the city's strong tourism market, drawing over 39 million visitors annually, and its status as the third-fastest-growing city in the U.S., with a 3.8% population increase from 2020 to 2022. They remain the newest hotels in their competitive set.
The AC Hotel and Element are the first new Marriott-branded hotels in the Riverwalk Historic District since 2011, standing out in a downtown market where extended-stay offerings are predominantly Hilton-branded. As premium Marriott properties, they benefit from access to the Marriott Bonvoy loyalty program, the world's largest travel loyalty program, boasting over 200 million members and growing.
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Commercial Observer: Peachtree Closes $35M C-PACE Construction Loan on South Florida Apartments
Commercial Observer | Starlife Group has secured $35 million of construction financing through Peachtree Group to build a multifamily development in Hollywood, Fla.
This article is republished with permission from Commercial Observer
Commercial Observer (February 4, 2025) - Starlife Group has secured $35 million of construction financing to build a multifamily development in Hollywood, Fla.,Commercial Observer can first report.
Peachtree Group originated the fixed-rate Commercial Property Assessment Clean Energy (C-PACE) loan on the developer’s planned 200-unit 21 Hollywood project.
SF Capital Group’s Matt Shane arranged the transaction, which will be used to support the 13-story project’s energy efficiency, envelope enhancements and hurricane resiliency measures.
Jared Schlosser, Peachtree Group’s senior vice president, said the long-term structure of the deal was an ideal approach for the project amid a high interest rate climate, with Peachtree covering 40 percent of the cost and Starlife Group contributing 60 percent equity. The 30-year loan is non recourse outside of a completion guarantee, according to Schlosser.
“We handled theconstruction draws just like you would on a senior construction loan and wewere even able to fund a little bit of capital at close for the project to getstarted, so it ends up being a pretty accretive alternative compared to justtaking a low-leverage bank loan,” Schlosser told CO.
“It acts like an insurance product where it’s a construction-to-perm deal, but it doesn’t have the traditional rights and remedies and recourse that may come along with traditional long-term financing,” Schlosser added. “Here it’s just a straight annual payment, which is easier to navigate for the borrower.”
Located at 2100 N.Federal Highway, the 21 Hollywood project broke ground late last year and is slated for completion in February 2027. Community amenities will include an infinity pool, a fitness center, outdoor kitchens, co working space and a dog park. The property will also feature 9,997 square feet of ground-floor retail.
Fort Lauderdale-based Starlife purchased the 1.48-acre site across from South Broward High School for $6.5 million in 2023, according to the South Florida Business Journal. The development was designed by Kobi Karp Architecture.
“Conventional construction loans are hard to find these days,” Shane said. “There was significant equity brought into the project, so it made the deal easy to do with PACE.”
Officials at Starlife Group did not immediately return a request for comment.