Skip to content

Search

Latest Stories

Stonehill commercial real estate group completed $200 million in loans

The company is moving beyond hotels into mixed-use and retail developments

Stonehill commercial real estate group completed $200 million in loans

STONEHILL CRE, THE commercial real estate group of investment firm Stonehill, has originated and purchased $200 million in first mortgage loans since being launched in the second quarter of 2022. The companies expect to complete an additional $100 million in loan originations and other transactions by year’s end, based upon deals in its pipeline, and Stonehill CRE is targeting over $500 million in transaction for 2023.

Stonehill CRE, formed in May with Daniel Siegel as its president, is designed to work in all real estate sectors to navigate ongoing market volatility and enable real estate owners to execute their business plans, according to the company. Its work has made Stonehill the 10th largest U.S. hotel lender in 2021, according to the Mortgage Bankers Association. Atlanta-based Stonehill and Stonehill CRE are affiliates of Peachtree Group, led by Jatin Desai and Mitul Patel as managing principals.


“Stonehill CRE’s formation came at a fortuitous time as market conditions have created a dislocated lending environment for commercial real estate,” said Siegel. “Traditional lenders have not only slowed commercial real estate lending but also tightened underwriting standards, which allows us to provide needed liquidity for maturing loans, new acquisitions and construction projects.”

Stonehill CRE’s transactions that have closed include:

  • Opus Atlanta, a mixed-use development in Atlanta
  • Retail centers in New Jersey and Kentucky
  • Land development loans on growing markets in Southeast
  • The purchase of a non-performing office loan in Washington, D.C.

“Opus Atlanta is a prime example of how Stonehill can originate and close a complex transaction of a mixed-use development site that traditional lenders generally would not consider executing,” Siegel said. “With our downside protected by one of the best remaining sites in a highly coveted submarket of Midtown Atlanta, we were able to provide a degree of certainty to the borrower that we could close this transaction on their timetable.”

Stonehill CRE is also finalizing transactions on projects in multifamily, office, build-for-rent development and an additional retail project.

“All of our commercial real estate originations and transactions are consistent with our investment philosophy of deploying capital in a disciplined manner while providing ownership groups thoughtful capital solutions and certainty of execution,” said Siegel.

In July, Stonehill originated a $79.8 million, three-year, floating-rate bridge loan for New York-based Churchwick Partners for the acquisition of a 12-property, extended-stay hotel portfolio. The deal was premised on the strong performance by extended-stay hotels even during the pandemic.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
AHLA ForWard Conference 2025 held in Atlanta

ForWard Conference held in Atlanta

NEARLY 1,000 HOSPITALITY professionals attended the AHLA Foundation’s ForWard Conference at the Hyatt Regency in Atlanta. With a theme centered on recognizing, accessing and amplifying power designed to elevate women in hospitality, the two-day event included professional development and networking opportunities.

The conference featured speakers from across the hospitality industry and adjacent industries. They included Jennifer Hyman, CEO and co-founder of Rent The Runway; Lamiaa Laurene Daif, worldwide strategy leader at Apple; and Grammy-nominated songwriter Makeba Riddick.

Keep ReadingShow less