ATLANTA--(BUSINESS WIRE)--Mar 16, 2026--
Peachtree Group (“Peachtree”) announced today that it originated a $103 million bridge loan to support the recapitalization and completion of the 289-key Hilton Miami Beach Convention Center Hotel, a landmark redevelopment project located adjacent to the Miami Beach Convention Center in Miami Beach, Fla. The transaction reflects Peachtree’s continued momentum across its commercial real estate lending platform. So far this year, the firm has completed 17 transactions totaling $504 million in originations, including nine hotel financings representing $253 million.
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The Hilton Miami Beach Convention Center Hotel redevelops the historic Collins Park Hotel site, originally constructed between 1938 and 1953 and previously comprised of seven buildings designed by prominent Miami architects, L. Murray Dixon and Albert Anis. The site is designated by the City of Miami Beach Historic Preservation Board, making the redevelopment both architecturally significant and complex.
“Projects like this require thoughtful structuring given the complexity of historic redevelopment and construction completion,” said Jared Schlosser, head of originations and CPACE at Peachtree. “That complexity is exactly why sponsors seek lending partners with the experience and balance sheet to structure capital solutions and help move projects forward.”
The financing reflects Peachtree’s continued focus on providing structured lending solutions for complex commercial real estate transactions, particularly in situations involving construction completion, redevelopment and transitional assets where experienced sponsors require flexibility and certainty of execution.
“Our continued level of activity reflects the strong demand we are seeing for reliable lending partners across commercial real estate,” said Greg Friedman, managing principal and CEO of Peachtree. “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.”
“That is especially true in construction and transitional projects, where complexity and execution risk require lenders with deep underwriting expertise and the ability to navigate more complicated capital structures,” Schlosser added.
The Hilton Miami Beach Convention Center Hotel is expected to open in May 2026 and will sit steps from the Miami Beach Convention Center and two blocks from the ocean, positioning it to capture both group and leisure demand in one of South Florida’s most active meetings and tourism markets.
About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.
Peachtree Group originated a $103 million bridge loan to support the recapitalization and completion of the 289-key Hilton Miami Beach Convention Center Hotel (pictured).
CHICAGO (AP) — Successive punches of snow and wind were impacting the eastern half of the United States on Monday as severe weather swept across much of the nation, making roads impassable in the Upper Midwest and canceling more than 2,000 flights nationwide.
Forecasters said mid-Atlantic states and Washington, D.C., were at greatest risk for high winds and tornadoes. The cold front was expected to move off the East Coast by Tuesday, bringing sharply colder weather in its wake, forecasters said.
By Tuesday morning, wind chills below freezing were expected to reach the Gulf Coast and the Florida Panhandle with freeze warnings in effect in parts of the Southeast and parts of Arkansas, Oklahoma, Louisiana, and Texas, forecasters warned. To the north, rain was expected to change over to snow behind the cold front with accumulations of more than 6 inches (15 centimeters) possible in the central Appalachians of West Virginia.
The late winter blast comes as Hawaii continued to be affected by a separate storm system that caused severe flooding over the weekend.
The National Weather Service that warned a line of severe storms with damaging winds would cross much of the Eastern U.S. After firing up Sunday, the storms were crossing the Mississippi, Tennessee and Ohio valleys. The storm threat was expected to enter the Appalachians, then move toward the East Coast, where “severe thunderstorms with widespread damaging winds and several tornadoes” were expected, the service said.
A stretch from parts of South Carolina to Maryland appeared most likely to experience the greatest damaging winds Monday afternoon, the weather service said. That could include Raleigh, North Carolina; Richmond, Virginia; and the nation’s capital.
Many schools in North Carolina, South Carolina and Virginia were closed Monday. North Carolina Gov. Josh Stein urged residents to enable emergency alerts on their phones ahead of expected wind gusts of 74 mph (119 kph). In Maryland, many school systems planned to dismiss students early on Monday.
Beyond the threat to lives and property, “whether it’s wind gusts from a squall line, blizzard or snow, or just wind because of the storm, you’re looking at several major airports being impacted,“ said AccuWeather senior meteorologist Tyler Roys.
Blizzard conditions persisted Monday in parts of Wisconsin and Michigan, where the storm brought as much as 2 feet (61 centimeters) of snow by morning. It was still snowing in the region. Additional snowfall of a foot (30 centimeters) to 20 inches (51 centimeters) of snow can be expected in upper Michigan, along with gusty winds, on Monday, the National Weather Service said. Schools were closed in a number of communities Monday in both states, including Milwaukee and Marquette, Michigan.
Lower snow accumulations in places such as Chicago and Milwaukee were expected to create trouble for commuters on Monday, Roys said.
Jim Allen, 45, who lives on the Upper Peninsula, said his family stocked up on necessities and he was ready to clear snow several times Sunday with a shovel and snowblower.
“We’re basically prepared to just kind of hunker down for a few days if we need to,” Allen said.
The thousands of flights canceled nationwide early Monday included more than 350 at Chicago O’Hare International and another 200 at Atlanta’s Hartsfield-Jackson International, according to FlightAware, which tracks flight disruptions. More than 2,500 more flights were delayed nationwide early Monday. Those disruptions came a day after more than 3,200 cancellations and 10,200 delays nationwide on Sunday.
More than 250,000 utility customers in six Great Lakes states were without electricity early Monday, according to PowerOutage.us. Some originated on Friday when gusts in the region reached 85 mph (137 kph). Another half-million customers were in the dark from Texas to Kentucky.
In Nebraska, about 30 National Guard members were deployed to combat multiple wildfires across a broad swath of range and grassland, state officials said. One fire-related fatality was reported.
Rain continued falling on Sunday in Hawaii, where acres of farmland and homes have been flooded, roads have been closed and shelters opened. Some areas of Maui received more than 20 inches (51 centimeters) of rain, Maui County Mayor Richard Bissen said in a social media post.
Maui County later on Sunday downgraded an evacuation notice and said crews were pumping water from retentions basins to keep them at safe levels.
Resident and real estate broker Jesse Wald, who recorded video of a coastal road’s collapse Saturday, said other parts of the road were flooded out by mud and sediment.
“In the 20 years I’ve been here I’ve never seen this much rain,” he said.
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Robertson reported from Raleigh, North Carolina. Associated Press writers Julie Walker in New York and Matthew Brown in Billings, Montana, also contributed to this report.
Fans walk through snowy streets before an NHL hockey game between the Minnesota Wild and Toronto Maple Leafs, Sunday, March 15, 2026, in St. Paul. (AP Photo/Abbie Parr)
People drive on a snow-covered freeway during a snow storm Sunday, March 15, 2026, in Minneapolis. (Richard Tsong-Taatarii/Minnesota Star Tribune via AP)
Workers clear snow off the ground Sunday, March 15, 2026, in St. Paul, Minn. (AP Photo/Abbie Parr)
