Commercial Observer: Peachtree Lends $113M for Margaritaville Savannah
Peachtree Group provided a $113M bridge loan to convert Ann Street Lofts into the Margaritaville Hotel Savannah, supporting a landmark hospitality project set to open in 2027.
2023 was a year marred by obstacles for borrowing across commercial real estate, particularly after a widespread crisis shook regional banks that are historically the biggest lenders in the space. Peachtree CEO Greg Friedman spoke with Hotel News Now about his prediction for 2024.
Insights Into the Lending Environment From Peachtree's Greg Friedman (costar.com)
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