US investment management company Peachtree Group has originated a $103m bridge loan to aid the recapitalisation and completion of the 289-room Hilton Miami Beach Convention Center Hotel.
The redevelopment will involve the historic Collins Park Hotel site, located beside the Miami Beach Convention Center in Florida.
This site consists of seven original buildings, constructed between 1938 and 1953 and designed by architects L Murray Dixon and Albert Anis.
The City of Miami Beach Historic Preservation Board has designated the site as historically significant.
The financing is part of Peachtree’s ongoing focus on structured lending for commercial real estate, particularly for construction completion, redevelopment, and transitional asset projects. The company has completed 17 transactions this year, totalling $504m in originations, including nine hotel financings worth $253m.
Peachtree's originations and commercial property assessed clean energy (CPACE) head Jared Schlosser said: “Projects like this require thoughtful structuring, given the complexity of historic redevelopment and construction completion.
“That complexity is exactly why sponsors seek lending partners with the experience and balance sheet to structure capital solutions and help move projects forward.”
Peachtree managing principal and CEO Greg Friedman said: “Our continued level of activity reflects the strong demand we are seeing for reliable lending partners across commercial real estate. Last year was a record year for our credit and lending team, and we expect even greater activity ahead as market conditions continue to evolve.
“With many traditional lenders still cautious and loan maturities remaining elevated across the market, experienced sponsors are seeking partners who can move quickly and structure capital around fundamentally strong assets.”
The Hilton Miami Beach Convention Center Hotel is scheduled to open in May 2026.
In July 2025, Peachtree Group launched the $250m Special Situations Fund, aimed at capitalising on undervalued hotel and commercial real estate assets.
