ATLANTA (April 3, 2024) – Peachtree Group ("Peachtree") announced the elevation of three senior executives, expanding their roles to strengthen the firm’s executive leadership team. The promotions include Michael Harper to president of hotel lending, Jared Schlosser to executive vice president of hotel lending and head of CPACE and Michael Ritz to executive vice president of investments.
"These appointments underscore Peachtree's commitment to its core growth initiatives in hotel lending, as well as fostering talent from within our own ranks, with an eye toward further diversifying its allocation strategies as it taps into new investment opportunities," said Greg Friedman, Peachtree's CEO and managing principal.
Since joining Peachtree in 2014, Harper has distinguished himself through a succession of leadership roles, directing the company's credit business, particularly in loan originations and strategic acquisition of credit portfolios. Since joining, he has led the team through over 500 investments totaling over $6 billion. As president, he is responsible for the entirety of Peachtree's credit platform for hotels, guiding all facets of the credit business.
Schlosser's promotion to executive vice president of hotel lending and head of CPACE reflects his exceptional performance and extensive knowledge of the hotel loan origination processes and the firm's Commercial Property Assessed Clean Energy (CPACE) program. His significant contributions since joining the firm in 2019 have been crucial in advancing Peachtree's CPACE program, which now exceeds $800 million in transactions and has become one of the largest in the U.S. Furthermore, since taking over hotel originations at the start of 2022, Peachtree has completed more than $1.5 billion in hotel loans, further demonstrating his expertise and effectiveness in these dual roles.
Ritz has been elevated to the position of executive vice president of investments and will oversee Peachtree's credit and equity investments across commercial real estate and other ventures. He joined Peachtree in 2017, and his promotion recognizes his expertise in successfully managing and growing a portfolio of investments that is now approaching $10 billion in transaction asset value.
Peachtree was recently ranked as the tenth largest U.S. commercial real estate hotel lender, its third consecutive year in the top ten, by the Mortgage Bankers Association ("MBA") 2023 loan origination rankings.
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, we manage billions in capital across acquisitions, development, and lending, augmented by services designed to protect, support and grow our investments. For more information, visit www.peachtreegroup.com.
Contact:
Charles Talbert
678-823-7683
ctalbert@peachtreegroup.com
En una conversación reciente con Administración hotelera, Brian Waldman, director de inversiones de Peachtree Group, hizo hincapié en la importancia de las inversiones oportunistas en el mercado hotelero actual. Si bien los hoteles de marca premium, de servicio selecto y compactos de servicio completo, por lo general, se mantienen estables a lo largo de los ciclos del mercado, Waldman señaló que las oportunidades más atractivas suelen surgir de situaciones únicas, en lugar de ceñirse estrictamente a una escala o tecnología de cadena única.
Waldman también destacó la importancia de la transparencia en la financiación hotelera. Aconsejó a los propietarios que hablaran con los prestamistas de forma abierta sobre los posibles desafíos y desviaciones respecto de los planes, ya que la transparencia temprana fomenta la credibilidad y la resolución colaborativa de los problemas, lo cual es crucial para sortear las incertidumbres financieras.
El enfoque de Peachtree Group se alinea con estas ideas y se centra en inversiones estratégicas que aprovechan tanto las oportunidades de mercado como la eficiencia operativa. Su cartera refleja el compromiso de identificar y capitalizar situaciones en las que se pueda aumentar el valor mediante acciones decisivas y asociaciones transparentes.
Reuters | Las reservas de vuelos de verano en EE. UU. han bajado un 10% interanual, a pesar de que las tarifas aéreas son más baratas, y el sector de las aerolíneas va a la zaga del mercado en general. Sin embargo, Greg Friedman, de Peachtree Group, afirma que el mercado repuntará e incluso se beneficiará en 2026.
Red Schwab: Con la temporada de verano muy avanzada, Greg Friedman es optimista en cuanto a las acciones de hoteles y viajes. Cree que existe un favoritismo hacia algunas empresas del que los inversores tal vez no se den cuenta a menos que miren bajo la superficie. Greg desglosa las tendencias que observa para explicar por qué empresas como Hyatt (H), Hilton (HLT) y Airbnb (ABNB) son tan optimistas.
