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Park Inn opens in Florence, South Carolina

It is one of the first new-builds of the brand in the U.S.

The Park Inn by Radisson Florence is open in Florence, South Carolina. It is owned and operated by Ankit Patel and is one of the first new-build Park Inns in the U.S.

The 60-room hotel is six miles from Florence Regional Airport and near the city’s downtown. Nearby attractions include the Florence Center, Francis Marion University Beaver Creek Golf Club, Timrod Park, the Florence County Museum and Darlington Raceway. Amenities include an indoor pool, a patio with fire pit and a fitness center.


Radisson Hotel Groups’ new Safety Protocol program has been implemented at the hotel featuring increased sanitation to prevent the spread of COVID-19.

“Being one of the first new-build Park Inn by Radisson properties in the U.S., we worked very closely with Radisson Hotel Group to tailor our hotel to meet the needs of the market we serve,” Patel said. “Their flexibility and knowledge helped immensely during the three-year process and we’re very excited to see it all come to fruition. Our hotel is the perfect option for all travelers, and we look forward to delivering a safe and unique guest experience for all who visit.”

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Peachtree closes $3B in credit, $538M CPACE
Photo credit: Peachtree Group

Peachtree closes $3B in credit, $538M CPACE

Summary:

  • Peachtree deployed $3B in credit transactions and closed 31 CPACE deals totaling $538.2M.
  • It entered private credit in 2010 and offers loans, CPACE, mezzanine and preferred equity.
  • The firm also deployed over $2B across non-hospitality sectors.

PEACHTREE GROUP DEPLOYED $3 billion in credit transactions in 2025, an 86.8 percent increase from 2024 and closed 31 CPACE transactions totaling $538.2 million. The firm also expanded its government lending platform, including USDA and other federally guaranteed programs, to support sponsors across asset types and capital needs.

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