Peachtree Group Issues $103M Bridge Loan for Hilton Miami Beach Convention Center Hotel Redevelopment

• Peachtree Group originated a $103 million bridge loan for the Hilton Miami Beach Convention Center Hotel project.
• The financing supports the recapitalization and completion of the 289-key hotel next to the Miami Beach Convention Center.
• The hotel is expected to open in May 2026 following the redevelopment of the historic Collins Park Hotel site.

What Peachtree Group financed in Miami Beach

Peachtree Group, led by CEO Greg Friedman, has provided a $103 million bridge loan to help recapitalize and complete the Hilton Miami Beach Convention Center Hotel, a redevelopment project located next to the Miami Beach Convention Center. The financing supports the final phase of development for the 289-key hotel, which is expected to open in May 2026. The project redevelops the former Collins Park Hotel site, a historic property that originally operated as a collection of buildings constructed between 1938 and 1953. The redevelopment converts the property into a modern hospitality asset while maintaining its historical character in one of Miami Beach’s most active tourism corridors.

What makes the Collins Park redevelopment complex

The property sits on a historically designated site, adding another layer of complexity to the development. The former Collins Park Hotel included seven buildings designed by prominent Miami architects L. Murray Dixon and Albert Anis, both well known for shaping the city’s Art Deco and mid-century architectural landscape. Because the property is designated by the Miami Beach Historic Preservation Board, redevelopment requires careful coordination between preservation standards and modern construction. According to Jared Schlosser, head of originations and CPACE at Peachtree, projects involving historic structures often require more sophisticated financing structures. He noted that lenders with strong balance sheets and hospitality experience are often needed to structure capital solutions that allow these complex redevelopments to move forward.

What the loan signals for Peachtree’s hospitality lending strategy

The financing is part of Peachtree Group’s active commercial real estate lending platform, which has remained particularly focused on hospitality assets. So far in 2026, the firm has completed 17 transactions totaling $504 million in originations. Of those deals, nine were hotel financings totaling $253 million. That activity follows a record year in 2025 for the firm’s lending and credit platform. Friedman said the company expects even more lending activity ahead as capital market conditions continue to shift and developers seek alternative financing sources.

What this deal means for hotel development financing

Bridge loans like the one Peachtree issued are becoming increasingly common in hospitality development as projects approach completion or require recapitalization. These loans help developers fill capital gaps, stabilize construction timelines, and prepare assets for permanent financing or sale once the property opens and begins generating revenue. In tourism-driven markets like Miami Beach, lenders remain interested in hospitality projects located near major demand drivers such as convention centers, beaches, and entertainment districts. With the Hilton Miami Beach Convention Center Hotel scheduled to open in 2026, the project will add another institutional hospitality asset to one of Florida’s most visited destinations.