Peachtree originates $114.6M loans for two Hyatt hotels

PEACHTREE GROUP PROVIDED $114.6 million in bridge loans to recapitalize two Hyatt hotels owned by McWhinney: Hyatt Centric Congress Avenue Austin, Texas, and Hyatt Place Denver Peña Station in Denver. The company originated
a 48-month floating-rate bridge loan for the 246-room Austin hotel and a 60-month fixed-rate bridge loan for the 226-room Denver hotel, Peachtree said in a statement.

Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal.

“The Hyatt Centric Congress Avenue Austin is a standout property that embodies Austin’s energy and appeal,” said Jared Schlosser, Peachtree’s executive vice president of hotel originations and head of CPACE. “This recapitalization
reflects our confidence in the asset’s potential and McWhinney’s vision for creating exceptional destinations.”