Ed Brock is an award-winning journalist who has worked for various U.S. newspapers and magazines, including with American City & County magazine, a national publication based in Atlanta focused on city and county government issues. He is currently assistant editor at Asian Hospitality magazine, the top U.S. publication for Asian American hoteliers. Originally from Mobile, Alabama, Ed began his career in journalism in the early 1990s as a reporter for a chain of weekly newspapers in Baldwin County, Alabama. After a stint teaching English in Japan, Ed returned to the U.S. and moved to the Atlanta area where he returned to journalism, coming to work at Asian Hospitality in 2016.
JUST ONE WEEK after Category 4 Hurricane Laura roared ashore at Lake Charles, Louisiana, Vimal Patel was at ground zero inspecting the damage at his company’s Staybridge Suites hotel. It was extensive.
“Lake Charles is the center of all the damage and we have a property here that seems to have structure damage pretty bad. We just found out after the engineer did a walk through. The roof is completely gone,” said Patel, president of Qhotels Management in LaPlace, Louisiana. “We’re going to have to open up a lot of walls and assess the damage.”
Considering the damage and the fact that the area will not have power and water for at least two more weeks, Patel said it will be some time before that hotel reopens. At the same time, Qhotels’ properties in other Louisiana markets were seeing a spike in business from evacuees and emergency workers.
“My hotel in LaPlace, which is the outskirts of New Orleans, and one in Dawsonville which is in between New Orleans and Baton Rouge, and then a couple of them in Houma, which is south as well, those areas were not affected by the hurricane,” Patel said. “One of my hotels was housing evacuees. And there were a lot of others, especially the energy crews from the electric company were staying as well.”
Shelter from the storm … and the coronavirus
Most hotels in the New Orleans area are filled to capacity with the more than 9,000 evacuees that have fled to the city, according to the Times-Picayune. In an effort to avoid housing hundreds of people together in school gyms, creating a super spreader scenario in the middle of the COVID-19 pandemic, the state had entered agreements with 16 hotels provide emergency accommodations. Those plans fell apart when Laura took an unexpected course, Department of Family and Children Service’s spokesperson Catherine Heitman told the Times-Picayune.
"Originally, we had thought the hurricane was going to hit in southeast Louisiana so we identified hotels in the southwest for potential evacuees, but then we had to reverse course," as the storm centered on the coast south of Lake Charles, she said.
Patel has been taking steps to keep his new guests as safe as possible.
“We have to make sure to keep the cleaning policy in place, make sure that we are we are still sanitizing the high touch area points and guests are wearing masks,” he said.
They also are keeping their housekeeping staff from entering the customers’ rooms to minimize contacts with the guests. They provide masks when necessary.
“Most of the guests I think are self-conscious and have their own mask, but in the event somebody doesn't have or lost it we are able to provide it for them,” he said.
In Houston, which escaped with little damage from the storm, hotels also were filling with evacuees, said Raj Das, vice president of development for Palace Inn Franchising. At least, that’s what Das is seeing on the east side of town closest to the impacted areas and the highway on which they came.
“We're not seeing it as much on the west side and closer to the central area of Houston but it's definitely still affecting the hotels on the east side of town,” he said.
Das said previously he felt the environment in his hotels is still safe because they are exterior corridor, minimizing the amount of time guests can congregate in public together. Like Patel, Das has instructed the housekeeping staff to avoid entering the rooms until guests leave.
“If a guest doesn’t need service, then we're asking them to just make sure to let us know so we’re going in their rooms,” Das said.
It’s not permanent
The crowds could have been much worse if Laura had hit Houston instead, Das said.
“In the 200 square mile radius that got hit, there's probably only 70,000 people that were affected versus if that same 200 square mile radius got hit in the Houston area, there would have been a million people affected,” he said.
Patel said the flood of high occupancy generated by Laura is already ebbing.
“We did see some temporary spike in the other markets but how long will that last? We don't know. Between yesterday and today, there were a lot of the utility crews who were staying have checked out of the hotels in LaPlace,” he said.
Also, Patel said, as the outer skirts of the damaged areas see power restored there will be a shift as evacuees either return home or move to hotels closer to Lake Charles.
“The two-and-a-half-hour-drive [between LaPlace and Lake Charles] for me has turned into a five hour drive each way simply because of the traffic and this heavy machinery and the equipment being transported,” he said. “So, I think as the power utility comes up and the rooms come open in neighboring towns, people are going to start shifting closer and closer to Lake Charles.”
Helping hands on hold
In past hurricanes, such as Hurricane Harvey in 2017, Houston hoteliers came together to provide relief to victims of the storm. Patel said, so far, he is still trying to take care of his own, specifically the approximately six staff members still staying at the Lake Charles hotel.
“What we are doing with my hotel is that we are bringing our staff food and supplies from our corporate office,” he said. “Someone from our offices is making a trip down to the Lake Charles, bringing food, bringing gas, bringing some office supplies.”
Das said he has not heard of any organized donation drives yet.
“But I'm sure there's going to be some headway in that, so as soon as that comes down, I'm sure a lot of our hotels would be ready to support it,” Das said. “We're pretty active when it comes to supporting the community.”
Das also is concerned about delays in distribution of FEMA funding emergency funding for people who lost their homes. Evacuees can use the funds to cover their hotel costs.
“We've tried to open it up in Houston at a few of our properties. We have people waiting to get the rooms, they're just not approved yet,” Das said. “It's a fantastic program for anybody who lost their homes.”
Louisiana Gov. John Bel Edwards did recently approve registration for the funds in five Louisiana parishes impacted by Hurricane Laura, Allen, Beauregard, Calcasieu, Cameron and Jefferson Davis parishes.
“I want to encourage anyone from these five parishes to apply for assistance today,” Edwards said. “For the people in other parishes that were impacted, but not yet approved for aid, please know that we will continue damage assessments and do expect additional parishes to be authorized. We will fight for all Louisianans who were in Laura’s path to get the assistance they need to recover and rebuild.”
Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
The company promotes retroactive CPACE funding for commercial real estate development.
PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.
The 2,520-room Rio, now under the Destinations by Hyatt brand, was renovated in 2024 and comprises two hotel towers connected by a casino, restaurants and retail, Peachtree said in a statement.
“This transaction is a milestone for Peachtree Group and a testament to the ecosystem we have built over the past 18 years,” said Greg Friedman, Peachtree's managing principal and CEO. “Through our vertically integrated platform, deep expertise and disciplined approach, we have developed the infrastructure to be a leader in private credit. Our ability to deliver speed, creativity and certainty of execution positions us to provide capital solutions that create value for our investors and partners across market cycles.”
Atlanta-based Peachtree is led by Friedman; Jatin Desai as managing principal and CFO and Mitul Patel as principal.
The CPACE loan retroactively funded the renovations, allowing the owners to pay down their senior loan, the statement said. The property improvement plan included exterior work, upgrades to the central heating and cooling plant, electrical infrastructure improvements and convention center renovations.
Jared Schlosser, Peachtree’s head of originations and CPACE, said the deal marks an inflection point, with major financial institutions consenting to its use for the benefit of the capital stack.
“By closing quickly on a marquee hospitality asset, we were able to strengthen the position of both the owner and its lenders,” he said.
The CPACE market has surpassed $10 billion in U.S. originations in just over a decade, according to the C-PACE Alliance, with growth expected as more institutional owners and lenders adopt it.
“We see significant opportunity for retroactive CPACE and its use in funding new commercial real estate development,” Schlosser said. “It is an alternative to more expensive forms of capital.”
In June, Peachtree named Schlosser head of originations for all real estate and hotel lending and leader of its CPACE program. Peachtree recently launched a $250 million fund to invest in hotel and commercial real estate assets mispriced by capital market illiquidity.
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Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
The U.S. leads with 6,280 projects; Dallas tops cities with 199.
Nearly 2,900 hotels are expected to open worldwide by the end of 2025.
THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.
The U.S. leads with 6,280 projects and 737,036 rooms, 40 percent of the global total. Dallas leads cities with 199 projects and 24,497 rooms, the highest on record.
LE’s Q2 2025 Hotel Construction Pipeline Trend Report showed 6,257 projects with 1,086,245 rooms under construction worldwide, unchanged in project count and down 3 percent in rooms from last year. Projects scheduled to start in the next 12 months totaled 3,870 with 551,188 rooms, down 3 percent in projects but up 1 percent in rooms. Early planning reached 5,744 projects and 798,792 rooms, up 10 percent in projects and 9 percent in rooms year-over-year.
Upper midscale and upscale hotels accounted for 52 percent of the global pipeline, LE said. Upper midscale stood at 4,463 projects and 567,396 rooms, while upscale reached 3,852 projects and 655,674 rooms. Upper upscale totaled 1,807 projects and 385,396 rooms, and luxury totaled 1,267 projects and 245,665 rooms, up 11 percent year-over-year.
In the first half of 2025, 970 hotels with 138,168 rooms opened worldwide. Another 1,884 hotels with 280,079 rooms are scheduled to open before year-end, for a 2025 total of 2,854 hotels and 418,247 rooms. LE projects 2,531 hotels with 382,942 rooms to open in 2026 and 2,554 hotels with 382,282 rooms to open globally in 2027, the first time a forecast has been issued for that year.
HAMA is accepting submissions for its 20th annual student case competition.
The cases reflect a scenario HAMA members faced as owner representatives.
Teams must submit a financial analysis, solution and executive summary.
THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.
Student teams must prepare a financial analysis, a recommended solution and an executive summary for board review, HAMA said in a statement.
“Each year, the education committee looks forward to the solutions that the next generation of hotel asset managers bring, applying their own experiences to issues in ways that reveal new directions,” said Adam Tegge, HAMA Education Committee chair. “This competition demonstrates that the future of hotel asset management is in good hands.”
The two winning teams will each receive a $5,000 prize and an invitation to the spring 2026 HAMA conference in Washington, D.C. HAMA will cover travel and lodging.
Twenty industry executives on the HAMA education committee will evaluate submissions based on presentation quality, the statement said. HAMA mentors volunteer from September through November to assist teams seeking feedback and additional information. Schools will select finalists by Jan. 15, with graduate and undergraduate teams reviewed separately.
The competition has addressed topics in operating and owning hospitality assets and HAMA consulted university professors to update the format for situations students may encounter after graduation, the statement said.
This year’s participants include University of Denver, University of Texas Rio Grande Valley, Boston University, Florida International University, Michigan State University, Columbia University, Morgan State University, Howard University, New York University and Penn State University.
Stonebridge Cos. added the Statler Dallas, Curio Collection by Hilton, to its managed portfolio.
The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group.
The property is near Main Street Garden Park, the Arts District and the Dallas World Aquarium.
STONEBRIDGE COS. HAS contracted to manage the Statler Dallas, Curio Collection by Hilton in Dallas to its managed portfolio. The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group, led by Mehrdad Moayedi.
It has an outdoor pool and more than 26,000 square feet of meeting space, Stonebridge said in a statement. The downtown Dallas property is near Main Street Garden Park, the Arts District, the Kay Bailey Hutchison Convention Center, Deep Ellum, Klyde Warren Park, and the Dallas World Aquarium.
“The Statler is an extraordinary asset with a storied history in Dallas, and we are thrilled to welcome it to our managed portfolio,” said Rob Smith, Stonebridge’s president and CEO. “Its blend of modern hospitality with timeless character makes it a natural fit within our lifestyle collection. We look forward to honoring the property’s legacy while enhancing performance and delivering an elevated guest experience.”
Stonebridge, based in Denver, is a privately held hotel management company founded by Chairman Navin Dimond and led by Smith. The company recently added the 244-room Marriott Saddle Brook in Saddle Brook, New Jersey, to its full-service portfolio.
Peachtree secured EB-5 approval for a Florida multifamily development project.
The 240-unit community in Manatee County is backed by $47 million in construction financing.
It is Peachtree’s fourth EB-5 project approval since launching the program in 2023.
PEACHTREE GROUP RECENTLY secured EB-5 approval from U.S. Citizenship and Immigration Services for Madison Bradenton, a 240-unit multifamily development in Bradenton, Florida. It also raised $47 million in construction financing with a four-year term for the project on a 10.7-acre site in Manatee County.
The approval allows the company to advance its EB-5 Immigrant Investor Program, which directs foreign investment to U.S. job creation, Peachtree said in a statement.
“Madison Bradenton reflects the strong demand for high-quality multifamily housing in growing markets,” said Adam Greene, Peachtree’s executive vice president of EB-5. “This project underscores our ability to pair EB-5 financing with secured lending, delivering attractive opportunities for investors while meeting critical housing needs.”
The project will include five four-story apartment buildings with elevators, a two-story carriage building and a clubhouse, with residences averaging 1,027 square feet and featuring private patios or balconies. The location provides access to employment centers, healthcare facilities and Siesta Key Beach.
Atlanta-based Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO and Mitul Patel, principal.
This is Peachtree’s fourth approved I-956F application, following projects such as Home2 Suites by Hilton in Boone, North Carolina; SpringHill Suites by Marriott in Bryce Canyon, Utah and TownePlace Suites by Marriott in Palmdale, California. In May, Peachtree secured USCIS approval for four regional centers—South, Northeast, Midwest and West—allowing it to sponsor EB-5 projects in those territories.
The EB-5 visa program allows foreign investors to obtain a green card by investing in a U.S. commercial enterprise that creates jobs, the statement said. Investors who contribute at least $800,000 to a project that creates or preserves 10 full-time jobs for U.S. workers are eligible for permanent residency.
Separately, Peachtree launched the $250 million Special Situations Fund to invest in hotel and commercial real estate assets affected by capital market illiquidity.