Skip to content

Search

Latest Stories

Peachtree secures EB-5 funding for Utah SpringHill Suites

This is the company's third hotel to receive I-956F approval

Peachtree Group EB-5 approval - SpringHill Suites Bryce Canyon

Peachtree Group received I-956F approval from U.S. Citizenship and Immigration Services for the under-construction SpringHill Suites by Marriott in Bryce Canyon, Utah, advancing its efforts to facilitate EB-5 investment.

Peachtree Wins EB-5 Approval for Bryce Canyon Hotel in 2025

PEACHTREE GROUP RECEIVED I-956F approval from U.S. Citizenship and Immigration Services, the agency that oversees the EB-5 Immigrant Investor Program, for the under-construction SpringHill Suites by Marriott in Bryce Canyon, Utah. The I-956F approval marks a key step in Peachtree’s efforts to facilitate EB-5 investment, aimed at promoting U.S. economic growth and job creation.

This is the company’s third hotel development to receive I-956F approval, following approvals for the Home2 Suites by Hilton in Boone, North Carolina, and the TownePlace Suites by Marriott in Palmdale, California, Peachtree said in a statement.


“Securing USCIS approval for this project marks an important milestone,” said Adam Greene, Peachtree’s executive vice president, EB-5. “It underscores our ongoing focus on structuring and originating capital for high-quality developments that drive economic impact and long-term value for investors and communities.”

Atlanta-based Peachtree is led by CEO and Managing Principal Greg Friedman, Managing Principal and CFO Jatin Desai, and Principal Mitul Patel.

Peachtree originated $16.95 million in floating-rate construction financing over a three-year term for the 127-room SpringHill Suites near Bryce Canyon National Park, which draws more than 2 million visitors annually for its unique geological formations, the statement said. The hotel is slated for completion by mid-2025.

“With strong travel demand, limited new supply, and favorable market tailwinds, well-located new developments are positioned to outperform their competitive set,” said Greene. “Construction is underway, reducing project risk, and the firm has retained an equity stake aligned with our EB-5 investors—reinforcing our commitment and tying our success to theirs.”

Peachtree launched its EB-5 program in 2023 as a key financing tool for job-creating projects nationwide. The firm remains committed to offering high-quality investment and development opportunities through its growing EB-5 portfolio.

The EB-5 visa program allows foreign investors to apply for a green card by investing in a new U.S. commercial enterprise that creates jobs. A minimum investment of $800,000 in a project that generates or preserves at least 10 full-time U.S. jobs qualifies investors for permanent residency.

Peachtree recently opened the 87-suite TownePlace Suites Forney in Forney, Texas.

More for you

Report: Global RevPAR to rise 3–5 percent in 2025

Report: Global RevPAR to rise 3–5 percent in 2025

Summary:

  • Global hotel RevPAR is projected to grow 3 to 5 percent in 2025, JLL reports.
  • Hotel RevPAR rose 4 percent in 2024, with demand at 4.8 billion room nights.
  • London, New York and Tokyo are expected to lead investor interest in 2025.

GLOBAL HOTEL REVPAR is projected to grow 3 to 5 percent in 2025, with investment volume up 15 to 25 percent, driven by loan maturities, deferred capital spending and private equity fund expirations, according to JLL. Leisure travel is expected to decline as consumer savings tighten, while group, corporate and international travel increase, supporting RevPAR growth.

Keep ReadingShow less
Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
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
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

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