Atlanta will continue to grow as a major production hub with the addition of BlueStar Studios, a 53-acre campus now under construction in nearby Forest Park, Ga., that will start operations in the summer of 2023.
The project represents a total investment of $180 million. Development will continue in phases through 2024. Atlanta-based Gala Media Capital, a division of private equity firm Peachtree Group, originated the financing for construction of phase one of the studio development.
Read more in Variety.
RLJE announced it has acquired North American rights to “Muzzle,” an action thriller starring Aaron Eckhart, from Highland Film Group. Directed by John Stalberg Jr. (“Crypto”) and based on a script by Carlyle Eubank (“The Signal”) from a story by Eubank and Stalberg Jr., the film is set to debut in theaters and will be made available on all rental platforms on Sept. 29. Read more in Variety.
Peachtree Senior Vice President Michael Ritz was quoted in an article for Hotel News Now about the path forward for new hotel development in the United States. Ritz gave the developer's perspective on today's market talking about Peachtree's development pipeline and the challenges to getting deals done. Click here to read the full story.
Doradus Partners has nabbed $41 million of bridge financing to refinance a Hilton-branded Charlotte hotel property, Commercial Observer has learned.
Peachtree Group, formerly Stonehill, provided the floating-rate loan on Doradus’ 181-room Home2 Suites by Hilton Charlotte Uptown. Click here to read more.