Skip to content

Search

Latest Stories

Peachtree Group and partners collaborate on 257-room Gulf Coast project

The Alabama hotel is slated for completion in the summer of 2025

Peachtree Group and partners collaborate on 257-room Gulf Coast project

DD PARTNERS, PEACHTREE Group, and Woodbine Development are collaborating on Embassy Suites Gulf Shores, a resort with a Gulf of Mexico view located in tourism spot in Alabama. DD Partners and Woodbine lead the development and asset management of the 8-story joint venture project, with Peachtree overseeing resort operations.

The project is currently in progress and is expected to be completed in the summer of 2025, the companies said in a joint statement.


The 8-story property will feature 257 all-suite beachfront guestrooms, along with 13,620 square feet of enclosed meeting and pre-function space, including a 7,800-square-foot ballroom, the statement said. The resort will also feature a 3-story parking garage and 7,618 square feet of leasable retail space.

"The Gulf Shores region has maintained strong appeal for leisure travelers due to its natural beauty and numerous attractions," said Ron Durham, co-founder of DD Partners. "The amenities of this destination are tailored to further enhance this appeal. Moreover, given the success of local meetings and events, we anticipate that Embassy Suites Gulf Shores will become a sought-after destination for business and special events travelers."

DD Partners, a joint venture between Durham and Ron Day, focuses on commercial real estate development in the Florida/Alabama Gulf Coast.

"We're excited to see Embassy Suites breaking ground in Gulf Shores," said Robert Craft, Gulf Shores mayor. "This aligns with the transformative vision we set in motion with Vision 2025. Having a top-tier, full-service hotel with substantial conference facilities in the heart of our beach district will bolster our shoulder seasons, provide year-round support for local businesses, and act as a catalyst for elevated redevelopment in this area."

"We're committed to advancing this development with our partners and introducing the Embassy Suites brand to the Gulf Shores community," said Greg Friedman, Peachtree Group CEO and managing principal. "As its operator, we anticipate its location and all-suite offerings will establish it as a standout performer in its segment, providing a compelling value proposition for travelers in the region."

The property is near the beach, next to the city's $15 million beachfront project completed in 2018. Nearby attractions include Gulf State Park, the Wharf at Orange Beach, Tanger Outlets, golf courses, and sports complexes in Foley. PFVS is the designated architect, while Robins & Morton is the contractor for the project.

In October, Peachtree Group's credit division closed $556 million in loan originations, constituting half of the $1.1 billion deployed by the company this year. The remaining $526 million was allocated for acquiring five hotels and commencing three new hotel development projects. The company also inaugurated five hotels that were under construction as of September, including the Home2 Suites by Hilton in Chandler, Arizona.

More for you

Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • 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.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • 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.

Keep ReadingShow less
HAMA Launches 20th Student Case Competition in USA
Photo Credit: iStock

HAMA launches 20th student case competition

Summary:

  • 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.

Keep ReadingShow less
Stonebridge hotel management expansion
Photo credit: Stonebridge Cos.

Stonebridge adds Statler Dallas to managed portfolio

Summary:

  • 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.

Keep ReadingShow less
Peachtree EB-5 approval
Photo credit: Peachtree Group

Peachtree’s FL development gets EB-5 approval

Summary:

  • 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.

Keep ReadingShow less