Peachtree Group originated a $150 million bridge loan to refinance a four-hotel portfolio totaling 997 keys in Flamingo Crossings Town Center, adjacent to Walt Disney World Resort, in Winter Garden, Fla. The financing represents the largest senior bridge loan in the firm’s history and reflects Peachtree’s continued growth as a leading provider of commercial real estate credit solutions.
The financing replaces existing debt on the portfolio, which is owned by repeat borrower, Doradus Partners. JLL arranged the transaction, which Peachtree closed in fewer than 45 days.
The portfolio consists of a 223-key Residence Inn by Marriott, a 273-key Fairfield by Marriott Inn & Suites, a 272-key Home2 Suites by Hilton and a 229-key Homewood Suites by Hilton. Developed in 2020 and 2021, the hotels are among the newest in their competitive set and currently maintain a weighted average occupancy of nearly 89 percent.
“This transaction reflects exactly where we believ
