Peachtree Group announced that it originated a $103 million bridge loan to support the recapitalization and completion of the 289-key Hilton Miami Beach Convention Center Hotel, a landmark redevelopment project located adjacent to the Miami Beach Convention Center in Miami Beach, Fla.
The Hilton Miami Beach Convention Center Hotel redevelops the historic Collins Park Hotel site, originally constructed between 1938 and 1953 and previously comprising seven buildings. The site is designated by the City of Miami Beach Historic Preservation Board, making the redevelopment both architecturally significant and complex.
“Projects like this require thoughtful structuring given the complexity of historic redevelopment and construction completion,” said Jared Schlosser, head of originations and CPACE at Peachtree. “That complexity is exactly why sponsors seek lending partners with the experience and balance sheet to structure capital solutions and help move projects forward
