Why US hotel investors should focus on 'grinding it out till 2029'
Featured in CoStar: Peachtree Group CEO Greg Friedman shares his outlook on the hotel investment market and why the industry may be “grinding it out till 2029.”
As interest rates continue to increase, banks and other financial institutions are peeling back from commercial real estate lending. But one Atlanta private equity firm is seeing an opportunity — even in the aftermath of the March bank collapses. Over the past 12 months, Peachtree Group has been “aggressive” in lending to groups unable to source debt for projects, CEO Greg Friedman said. The firm is also seeking to buy debt from financial institutions looking to reduce their exposure to commercial real estate.