Peachtree Group originates $114.6m. in bridge loans for two Hyatt hotels

ATLANTA – Peachtree Group, a diversified commercial real estate investment firm, announced the origination of $114.6 million in bridge loans to recapitalize two prominent hotels owned by McWhinney, a nationally recognized real estate development and investment firm. The transactions include the Hyatt Centric Congress Avenue Austin in Texas and the Hyatt Place Denver Peña Station in Colorado.

Hyatt Centric Congress Avenue Austin – Austin, Texas

Peachtree originated a floating-rate bridge loan with a 48-month term for the 246-room Hyatt Centric Congress Avenue Austin. Located in the heart of downtown Austin, the hotel offers proximity to iconic cultural and entertainment venues, including the adjacent Paramount Theater, Moody Center, South by Southwest and Austin City Limits.

“The Hyatt Centric Congress Avenue Austin is a standout property that embodies Austin’s dynamic energy and appeal,” said Jared Schlosser, Peachtree’s executive vice president of hotel originations and head of CPACE. “This recapitalization reflects our confidence in the asset’s potential and McWhinney’s vision for creating exceptional destinations.”

The site was acquired in October 2019 by McWhinney to construct the hotel. The Hyatt Centric opened in February 2023 and is the newest addition to its competitive set. The property represents a modern blend of Austin’s vibrant culture and McWhinney’s commitment to quality development.

Hyatt Place Denver Peña Station – Denver, Colorado

Peachtree originated a fixed-rate bridge loan with a 60-month term for the 226-room Hyatt Place Denver Peña Station. The hotel is located in Denver’s East/Airport lodging market, providing unparalleled access to the 61st & Peña RTD commuter station, connecting guests directly to Downtown Denver and Denver International Airport.

Opened in late 2019, the hotel’s stabilization was delayed by the pandemic’s impact on the hospitality industry. The recapitalization loan provides McWhinney additional time and resources to stabilize performance and maximize the property’s potential.

“This loan underscores our ability to support hospitality assets strategically positioned for long-term success,” said Keegan Bisch, vice president, western region for Peachtree’s credit platform. “We’re thrilled to partner with McWhinney to help these properties reach their full potential.”

Peachtree Group is ranked as the seventh largest U.S. commercial real estate investor-driven lender by the Mortgage Bankers Association in its last loan origination rankings. As a direct commercial real estate lender, it offers permanent loans, bridge loans, mezzanine loans, commercial property-asset clean energy (CPACE) financing and preferred equity investments across all commercial real estate sectors.

Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments.

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