Hotel deals led Peachtree Group’s $1B loan originations year to date; The firm’s hotel credit transactions are up 176% year over year, signaling an easing in the lending market that could spur investment and development activity for the sector

10/16/2024

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Hotel Dive

• Subcategory: Capital Markets: Debt, Hospitality: Hotel, Hospitality: Resort

• Tag: Business: Insights | Closing | Strategy

• Additional Filters-Subcategory: Capital Markets: Credit Facility, Capital Markets: Debt-Loan

• Company: Peachtree Group

Dive Brief:
Investment management firm Peachtree Group has surpassed $1 billion in loan originations year-to-date, with the hotel sector leading in credit transactions, the company announced Monday. The firm now expects to exceed $1.75 billion in loan originations in 2024.

Hotels accounted for more than $639 million worth of Peachtree Group credit transactions year to date, representing a 176% increase compared to the same period last year, according to the firm.

The annual growth in hotel credit transactions is a positive indicator that the lending market is easing following several years of tight conditions amid high interest rates. With rates expected to lower further in coming months, an uptick in hotel investment is likely, Peachtree Group CEO Greg Friedman noted at last week’s Lodging Conference.