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

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.