Quality Inn Gallipolis Sold Amid Ohio River Valley Growth
Quality Inn Gallipolis changes hands as Ohio River Valley investment fuels lodging demand, with financing arranged by Peachtree Group.
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.