Peachtree Group Provides $18 Million In Financing For Byways Hospitality Hotel Portfolio In Texas

The transaction involves the acquisition and renovation of the Byways Hospitality portfolio, which includes 78 keys located at 209 West Holland Avenue, 101 Memorial Square, and 1200 East Holland Avenue within the Alpine and Fort Davis markets. The financing for this endeavor is supported by a total loan amount of $18,000,000 that includes $12M in bridge financing alongside $6M in C-PACE funds.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $18,000,000
• Lender: Greg Friedman & Zach Chandler - Peachtree Group
• Loan Amount for Bridge Financing: $12,000,000
• Loan Amount for C-PACE Funds: $6,000,000
• Location: 209 West Holland Avenue, 101 Memorial Square & 1200 East Holland Avenue
• Market: Alpine & Fort Davis
• Keys: 78

Greg Friedman and Zach Chandler represent Peachtree Group in this deal, which utilizes USDA B&I government-backed loans aimed at providing long-term capital. The financing structure also includes C-PACE to facilitate energy-efficient upgrades, allowing for renovations that support job preservation and improve project economics.