Peachtree Group has originated $114.6 million in bridge loans to recapitalize two Hyatt hotels owned by McWhinney. The transactions include the Hyatt Centric Congress Avenue Austin in Texas and the Hyatt Place Denver Peña Station in Colorado.

For the 246-room Austin hotel, the company originated a floating-rate bridge loan with a 48-month term. Located in downtown Austin, the hotel is adjacent to the Paramount Theater and near Moody Center, South by Southwest and Austin City Limits.

“The Hyatt Centric Congress Avenue Austin is a standout property that embodies Austin’s dynamic energy and appeal,” said Jared Schlosser, Peachtree’s EVP, hotel originations and head of CPACE. “This recapitalization reflects our confidence in the asset’s potential and McWhinney’s vision for creating exceptional destinations.”

The site was acquired in October 2019 by McWhinney to construct the hotel, and the property opened in February 2023.

For the 226-room Denver hotel, Peachtree originated a fixed-rate bridge loan with a 60-month term. The property is located in Denver’s East/Airport lodging market, near the 61st & Peña RTD commuter station connecting guests directly to downtown Denver and Denver International Airport.

Opened in late 2019, the hotel’s stabilization was delayed by the pandemic’s impact on the hospitality industry. The recapitalization loan provides McWhinney additional time and resources to stabilize performance and maximize the property’s potential, according to Peachtree.

“This loan underscores our ability to support hospitality assets strategically positioned for long-term success,” said Keegan Bisch, VP, Western region for Peachtree’s credit platform. “We’re thrilled to partner with McWhinney to help these properties reach their full potential.”

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