Peachtree Group Finances Briad's Multi-Brand Circle K Travel Center
Briad Group will open its first multi-brand Circle K travel center in Binghamton, N.Y., with Peachtree Group providing financing backed by a $200 million commitment.
The transaction market in the hotel industry has hit a stalemate over the past couple of years, with high borrowing costs sinking property values and regional and small banks struggling to originate debt. There is still opportunities to be had in this environment, though. Peachtree Group has deployed more than $1 billion in commercial real estate investments year to date, including $526 million to acquiring five hotels and three new development hotel projects.