U.S. Hotel Lending Likely to Get More Challenging
Ester Hertzfeld with Hotel Management Magazine spoke with Peachtree SVP Jared Schlosser about the hotel lending market in her most recent article.
Commercial Observer - AJ Capital Partners has landed a $62.5 million loan to refinance its Graduate by Hilton Nashville hotel property as it seeks to capture more market share in Music City, Commercial Observer has learned.
Peachtree Group supplied the three-year loan with two 12-month extension options for the 205-room hotel that opened across the street from Vanderbilt University in December 2019.
CBRE negotiated the financing with a team led by Henry Fenmore, Tom Traynor and Tom Rugg.
Jared Schlosser, head of credit originations at Peachtree Group, said the hotel has performed well in recent years after confronting challenges soon after its late 2019 debut posed by the COVID-10 pandemic. He noted that the hotel has gotten a boost since Hilton took over operations of the Graduate brand in 2024 with AJ Capital retaining ownership, and that this partnership has expanded its business to other customers in Nashville beyond Vanderbilt.
“It’s a great location, and the performance continues to get better and better each month this year,” Schlosser told CO. “This is a beautiful hotel with a really good sponsor, so it checked all the boxes for us.”
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