facebook
Traded Co logo
Submit
Daily limit: 0/10

Hall Group Secures $46M C-PACE Loan From Peachtree Group For Thompson Palm Springs Hyatt Hotel

Property Image
FINANCED
$46,000,000

California

See Similar Deals
Hotel
Financed 12/27/2023
the dealplayerscompscontact
Property Image
FINANCED

Hall Group Secures $46M C-PACE Loan From Peachtree Group For Thompson Palm Springs Hyatt Hotel

414 North Palm Canyon Drive

See Similar Deals
Hotel
Financed 12/27/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Transaction Type:Loan

The Hall Group, based in Dallas, has secured a $46 million C-PACE loan from Peachtree Group for the Thompson Palm Springs Hyatt hotel in Palm Springs. The hotel, set to open in May, consists of 168 keys and represents a significant investment in the area.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $46,000,000
  • Address: 414 North Palm Canyon Drive - Thompson Palm Springs
  • Market: Palm Springs
  • Lender: Peachtree Group - Jared Schlosser
  • Landlord: Hall Group - Craig Hall
  • Loan Type: Refinance

Jared Schlosser from Peachtree Group facilitated the loan for the Hall Group, covering lighting, plumbing, wiring, and seismic enhancements for the Thompson Palm Springs Hyatt hotel. This financing represents 34.5% of the hotel's value and approximately 29% of development costs.

Players

Peachtree Group
Peachtree Group
LENDER
CH
Craig Hall
3 deals$76.3M volume
LANDLORD

Details

FINANCED
IMAGE: Jared Schlosser & Craig Hall DATE: 12/27/2023 ADDRESS: 414 North Palm Canyon Drive - Thompson Palm Springs MARKET: Palm Springs ASSET TYPE: Hotel ~ KEYS: 168 LENDER: Peachtree Group - Jared Schlosser LANDLORD: Hall Group - Craig Hall LOAN AMOUNT: $46,000,000 LOAN TYPE: Refinance NOTE:Dallas-based Hall Group secured a $46 million C-PACE loan from Peachtree Group for its 168-key Thompson Palm Springs Hyatt hotel. The financing covers lighting, plumbing, wiring, and seismic enhancements, representing 34.5% of the hotel's value and around 29% of development costs, with the hotel set to open in May.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,000,000.00

Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00