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Commercial Observer: Peachtree Group Supplies $36MM Refi for Houston Hotel Conversion Project

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Jared Schlosser of Peachtree Group and Le Meridien Houston Downtown

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Commercial Observer | Peachtree Group originated a $36.1MM three-year, floating-rate loan with two 12-month extension options for the DSG’s Meridien Houston Downtown hotel property located where the 1952-built Melrose Building once stood. In 2015, the developer acquired the office property, which was Houston’s first modern skyscraper, and repurposed it into a 250-room hotel that opened in 2017.

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