Commercial Observer: Peachtree Refis Nashville Hotel With $63M Loan
Peachtree Group provided a $62.5M loan to refinance Graduate by Hilton Nashville, a 205-room hotel near Vanderbilt University in Nashville’s Midtown market.
Hospitality investment firm WalshDupart has sealed $40.5 million of bridge debt for the recapitalization of two adjacent Hilton-branded hotels in the Portland, Ore., metropolitan area, Commercial Observer has learned.
Peachtree Group originated the three-year loan with two 12-month extension options for the 165-room Embassy Suites by Hilton Portland Hillsboro and the 106-room Hampton Inn & Suites Portland/Hillsboro-Evergreen Park in Hillsboro, Ore.
Keegan Bisch, vice president of originations and credit at Peachtree, said both hotels have strong demand drivers, being located within Oregon’s Silicon Forest technology hub anchored by Intel and ASML along with a new minor league baseball stadium for the Hillsboro Hops that debuted in April.
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