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Red Lion Inn & Suites Elk Grove, Illinois, now open

This is the third property in the brand to open in 2024

Red Lion Inn & Suites Elk Grove, Illinois, now open

Sonesta International Hotels Corp.’s Red Lion Inn & Suites in Elk Grove, Illinois, is now open. The 47-room mid-scale property is owned by Mahesh Chaudhari.

“The opening of the Red Lion Inn & Suites Elk Grove is a testament to the brand’s renewed growth nationwide,” said Keith Pierce, Sonesta’s executive vice president and president of franchise and  Development. “This is the third Red Lion Inn & Suites location to open in 2024, underscoring how Sonesta continues to meet consumer demand for midscale properties with openings in secondary and tertiary markets.”


Sonesta said that guests at Red Lion Inn & Suites Illinois can earn or redeem points through the Sonesta Travel Pass loyalty program. Sonesta is the 8th largest hotel company, with approximately 1,100 properties totaling 100,000 guest rooms across 15 brands in eight countries, according to STR.

Sonesta's 40-room Signature Inn Winnemucca in Nevada, owned by Narinder Mall, recently opened. It features an outdoor pool and is conveniently situated near a golf course, museum, casinos, and Interstate 80.

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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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