- Peachtree secured a $33 million loan to refinance a Cambria in Washington, D.C.
- The fund was borrowed by The Donohoe Cos.
- Nearby attractions include The Yards Park and U.S. Navy museum.
PEACHTREE GROUP ORIGINATED a $33 million three-year bridge loan to refinance the 12-story, 154-key Cambria Hotel Washington D.C. Navy Yard Riverfront in Washington, D.C. The loan was provided to the borrower, The Donohoe Cos.
The 2021-built hotel is just two blocks from Nationals Park in a submarket that has seen the addition of 5,500 apartment units and 750,000 square feet of office space since 2020, according to Commercial Observer. Nearby attractions include The Yards Park, National Museum of the United States Navy, Audi Field, Washington Canal Park and Titanic Memorial.
“The hotel has ramped up as well as it could have, but at the end of 2025 really started to show great signs of progress coming from the Navy Yard submarket,” said Billy Gilchrist, Peachtree’s senior vice president of originations. “It was primarily more of an industrial area, but it's become an entertainment district which has driven a ton of demand for the hotel.”
Atlanta-based Peachtree is led by CEO Greg Friedman, CFO Jatin Desai and Principal Mitul Patel. The borrower, The Donohoe Cos., is one of the oldest real estate firms in the Washington metropolitan area and is led by Chairman and CEO Chris Donohoe.
The hotel is expected to see continued demand from Washington Nationals home games and events tied to the United States Semiquincentennial.
Recently, Peachtree’s development platform received two industry honors. It won the 2026 CONNECT Developer of the Year Award from Marriott International and its Hampton Inn & Suites Maui North Shore was named Development of the Year at the Americas Lodging Investment Summit.
