Commercial Observer: Peachtree Funds $32M Alabama Hotel
Peachtree Group provided a $32.36M construction loan for a 154-room AC Hotel by Marriott in Huntsville, supporting continued growth in the market.
Spandrel Development Partners has sealed $32.36 million of construction financing to develop a Marriott-branded hotel in Huntsville, Ala., Commercial Observer has learned.
Peachtree Group originated the three-year loan with two 12-month extension options for the developer’s planned 154-room AC Hotel by Marriott property to be built within Huntsville’s Bridge Street Town Centre. Spandrel acquired the 4.67-acre site located inside Cummings Research Park in September 2025.
Jared Schlosser, head of credit originations at Peachtree Group, said the hotel will benefit from close proximity to nearby demand drivers like the U.S. Space & Rocket Center, the University of Alabama-Huntsville campus and Redstone Arsenal, a U.S. Army base. Schlosser noted that the ongoing war in Iran will only amplify demand in Huntsville.
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