Latest news with #hotelinvestment
Yahoo
2 days ago
- Business
- Yahoo
Peachtree Group Launches $250 Million Special Situations Fund to Capitalize on Hotel Market Dislocation
ATLANTA, July 21, 2025--(BUSINESS WIRE)--Peachtree Group ("Peachtree"), a leading vertically integrated commercial real estate investment platform, today announced the launch of its Peachtree Special Situations Fund, a $250 million fund designed to unlock value in mispriced, high-quality hotel and other commercial real estate assets due to today's capital market illiquidity rather than underlying fundamentals. "We believe the next 12 to 18 months offer some of the most compelling risk-adjusted opportunities we've seen since the global financial crisis," said Greg Friedman, managing principal and CEO of Peachtree. "As balance sheet stress and refinancing hurdles intensify in the hotel space and other commercial real estate sectors, Peachtree is uniquely positioned to deploy capital where it's needed most, delivering attractive returns while providing real solutions for sponsors and lenders alike." With nearly $1 trillion in commercial real estate loans maturing in 2025 and hotels carrying some of the largest refinancing and capital expenditure burdens, Peachtree's Special Situations Fund is positioned to step in where traditional capital has pulled back. Many hotel and commercial real estate owners who financed properties in the zero-interest-rate era now face gaps in their capital stacks as rates remain elevated and liquidity tightens. Peachtree's strategy bridges this gap by providing creative downside-protected capital solutions to reposition assets and unlock embedded value. "This fund is about capitalizing on dislocation, not chaos," Friedman said. "We're targeting high-quality assets not distressed by systematic factors but by capital structure, and we're doing it with the speed, creativity and certainty of execution that have defined Peachtree's reputation for more than a decade." The Special Situations Fund targets investments that sit between value-add and opportunistic, combining attractive upside potential with meaningful downside protection. Core strategies include: Off-market acquisitions: Securing underperforming or mispriced hotels as well as select multifamily, student housing, self-storage and other commercial real estate sectors for repositioning and stabilization. Preferred and hybrid equity solutions: Providing flexible capital to sponsors needing liquidity for acquisitions, development or refinancing with structures designed to protect basis and enhance current yields. Distressed purchases from lenders: Acquiring assets directly from banks through deed-in-lieu or post-foreclosure transactions, often at discounts to outstanding loan balances and well below replacement cost. Peachtree's fully integrated platform spans direct lending, CPACE financing, development, acquisitions and capital markets and provides a unique lens into shifting market dynamics. Longstanding relationships with community and regional banks and other stakeholders enable Peachtree to source high-value opportunities early before they reach the broader market. "We're the first call when a sponsor or lender needs a fast, reliable solution," Friedman said. "Speed and surety of close are critical in this environment, especially when dealing with complex capital stacks and distressed notes." The fund's geographic focus is nationwide, with significant deal flow expected in markets with strong demand fundamentals and recent pricing resets, including Texas, Florida and California. Peachtree expects to hold its first close within the next 60 to 90 days and complete the final close within its targeted 18 months following the initial close. About Peachtree Group Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit THIS IS NOT AN OFFER OR SOLICITATION TO PURCHASE ANY SECURITY. AN OFFERING IS MADE ONLY BY THE PRIVATE PLACEMENT MEMORANDUM. SECURITIES OFFERED THROUGH PEACHTREE PC INVESTORS, LLC MEMBER FINRA/SIPC. View source version on Contacts Fund Information IR@ Media Charles Talbert678-823-7683ctalbert@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Times
4 days ago
- Business
- Times
Meet the woman behind the €1.4bn Dalata buyout coup
Liia Nõu, chief executive of Pandox, the Swedish hotel investment group, reveals on a Microsoft Teams call that she has just taken up golf. Her favourite player? Rory McIlroy. Having just agreed to pay €1.4 billion for Dalata, Ireland's largest hotel group, Nõu has displayed the touch of a master. Even Alf Smiddy, a senior independent director at Dalata up to 2021, and a critic of the proposed deal, saluted Pandox and its largest shareholder, Eiendomsspar, for the 'textbook execution' of a takeover bid. 'They played a blinder — confident, fast, savvy and strategic,' Smiddy posted on LinkedIn last week. He is dismayed, however, at the 'surrender of the Dalata board'. Eiendomsspar, which owns 36 per cent of Stockholm-quoted Pandox, teed up the transaction. It built a stake in the owner of the Clayton and Maldron hotel brands in the wake of a capital markets day last October. Five months later, the board of Dalata announced a strategic review, including a formal sales process (FSP). 'That opened up the opportunity to Pandox,' Nõu says.
Bloomberg
04-07-2025
- Business
- Bloomberg
Brookfield Explores Buying Luxury Hotel on Dubai's Palm Jumeirah
By and Nicolas Parasie Save Brookfield Asset Management Ltd. is exploring a deal to buy a luxury hotel on Dubai's Palm Jumeirah, according to people familiar with the matter. The investment firm is in talks to purchase Sofitel Dubai The Palm in a transaction that could value the property at about 2 billion dirhams ($545 million), the people said, requesting anonymity as the information is private. If completed, the acquisition will mark Brookfield's first hotel investment in Dubai.
Yahoo
02-07-2025
- Business
- Yahoo
International investor consortium acquires Vienna Marriott Hotel in Austria
Vienna Marriott Hotel in Austria has been acquired by an international investor consortium from CPI Europe, which is strategically repositioning its assets. UK-based business property adviser Christie & Co has advised CPI Europe on the sale of the property, situated on Vienna's Ringstraße. The operational closing of the sale is set for January 2026, almost 40 years after the hotel's inauguration on 1 July 1985. Featuring 328 rooms and suites, the Vienna Marriott Hotel was the first Marriott property in Austria and will continue to operate under a long-term management agreement with Marriott International. Christie & Co Central and Northern Europe Hotels managing director Lukas Hochedlinger said: 'This transaction is among the most significant hotel sales in recent years and highlights the attractiveness of the Austrian hotel investment market. 'Vienna, in particular, remains a focal point for international investors, as reflected in the strong interest throughout the sales process. It was an honour to support CPI Europe in the sale of this trophy asset.' BPV Hügel provided legal and tax advisory services to the seller during this transaction. In related news, Christie & Co recently reported that the Knights Hill Hotel and Spa in north-west Norfolk, UK, is on the market for £7.95m ($10.76m). The company also announced last month that it is facilitating the sale of the Crowne Plaza hotel in Ealing, London. The freehold property is now trading under a franchise agreement with Crowne Plaza and offers potential buyers the opportunity to rebrand, self-brand, or renew the existing agreement. "International investor consortium acquires Vienna Marriott Hotel in Austria" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
29-06-2025
- Business
- Yahoo
Goldman Sachs Scraps Plans to Build Hotel Brand in Greece
Just a few years ago, Goldman Sachs had ambitions to create a hotel brand in Greece that could one day expand to spots around the Mediterranean. The Wall Street giant bought three seaside resorts in northern Greece in 2022, with plans to spruce them up and start welcoming guests as soon as this year. Tourism in the country was on a tear, and the bank saw an opportunity to snap up properties on the mainland with views of the Aegean Sea, rather than on the pricier Greek islands. The Mysterious Billionaire Behind the OnlyFans Porn Empire The Unlikely Stocks That Drove the Market to a Record High The Stock-Market Rally Is Moving Beyond Big Tech and Investors Are Thrilled This spring, Goldman abruptly sold the three hotels, barely breaking even on the roughly €100 million (about $117 million) it had invested in the project, according to people familiar with the matter. It also pulled the plug on its plans for a hotel brand in the region, the people said. The resorts never opened, and some employees who worked on the investment are no longer with the firm. Greek media described the deal as a 'shipwreck.' While the investment was a small one for Goldman's asset-management division, it was emblematic of the firm's search for big returns and steady fees to offset its lucrative but volatile Wall Street businesses. Its goal in Greece was to use mostly client money and financing to drive up the hotels' value, then book big profits when they were sold. All the while, Goldman would collect management fees from clients whose money was invested. When it bought the resorts, Goldman was enticed by the country's strengthening economy, embrace of foreign investments, and cheaper property prices compared with Western Europe. Many hotels in Greece are also family-owned and switching hands to new generations who are more open to selling. Other firms had also invested in the country, including Blackstone's successful bet on Hotel Investment Partners, which has a portfolio of dozens of hotels in the Mediterranean that have spread to include around 10 in Greece. Goldman decided that its own Mediterranean adventure would begin in Greece. The firm continued to cast about for additional hotel acquisitions and explored buying the Grand Resort Lagonissi, according to people familiar with the matter. The hotel sits on an area known as the Athenian Riviera, a stretch of beaches with new luxury hotels and residences. Goldman didn't pursue the effort. Around last summer, Goldman President John Waldron visited Greece and met with the country's prime minister and local bank chief executives. His message was clear: Goldman was invested in the country in a big way, both through its investment banking and asset management. But by then, Goldman's investment in the hotels was souring. The renovations required a gut job that would cost far more than the firm had expected. Goldman had planned to largely demolish and rebuild the hotels, located on Greece's northern peninsula of Halkidiki, before throwing open their doors again. The firm's asset-management employees in London and Spain worked on the investment from the opposite ends of Europe, with a partner in Madrid in charge. The bank decided to create its own management team to oversee the renovation, rather than hire a firm experienced in the hotel sector as others had done. Goldman lacked the connections to easily navigate on-the-ground construction hurdles. It created a hospitality platform in Greece called 'Ousia,' which means substance, that would oversee the resorts and help find new hotel investments. It had around 10 employees in Athens, including several with significant experience in the hotel industry. About a year into Goldman's investment, delays with permits, construction and engineering started becoming a concern. Goldman realized it would need more time and money to complete the project. The original plan had been to invest between about €150 million and €200 million. Costs for construction materials and labor increased, eating into the investment's projected returns. At one point, Goldman and a construction company it was working with decided to part ways. Goldman had preliminary discussions for a local partner to help with the work. Around last fall, Goldman began exploring a sale. The firm sold the hotels in the spring to Sani/Ikos Group, a privately held company that owns and operates hotels in Greece and Spain. In the end, Goldman decided on a full pullout from hotel investments in the country, with the exception of its minority stake in real-estate investment company Prodea. Goldman said it evaluates unloading investments when it is in the interest of its clients. 'We actively manage all of our investments, maintaining a strong focus on operational discipline and value add,' a spokeswoman said. The firm's focus on investment banking and asset management in Greece is otherwise unchanged. The new owner of the hotels announced a more than €400 million investment in the project. The properties will feature nearly 750 rooms, multiple pools, more than 30 restaurants and bars, theaters and spas. The hotels are scheduled to open in 2029. Write to AnnaMaria Andriotis at How Coupons Became Passé, Even in a High-Price World Why Tech Billionaires Want Bots to Be Your BFF The Oil Tycoon and the Philosopher Threatening Big Oil's Carbon Capture Plans Sign in to access your portfolio
