ATLANTA, Georgia—Peachtree Group announced the first investment completed through Peachtree Special Situations Fund I, LP. The investment consists of approximately $14.5 million of preferred equity investment from Peachtree Group as part of a total capitalization of approximately $42 million. The financing supports the acquisition and repositioning of the 203-key DoubleTree Suites Detroit Downtown Fort Shelby, which will undergo a comprehensive renovation and conversion to Embassy Suites by Hilton. The project is designed to enhance the […]

The post Peachtree Announces Completion of Investment Through Peachtree Special Situations Fund I, LP appeared first on LODGING Magazine.

This post was originally published on this site