Peachtree Group originates $103 million bridge loan for Hilton Miami Beach Convention Center Hotel

Peachtree Group has originated a $103 million bridge loan, targeting the recapitalization and completion of the 289-key Hilton Miami Beach Convention Center Hotel. This financing addresses a complex redevelopment project located adjacent to the Miami Beach Convention Center in Miami Beach, Florida. The project involves redeveloping the historic Collins Park Hotel site, a property originally constructed between 1938 and 1953 and previously comprising seven distinct buildings. Its designation by the City of Miami Beach Historic Preservation Board introduces architectural significance and complexity to the redevelopment process. The Hilton Miami Beach Convention Center Hotel is expected to open in May 2026, positioning the 289-key asset to capture both group and leisure demand across South Florida's active meetings and tourism markets. As the lender, Peachtree Group provides critical capital for the Hilton Miami Beach Convention Center Hotel's extensive redevelopment. The borrower, Hilton Miami Beach Convention Center Hotel, secures the $103 million bridge loan to finalize its landmark project in Miami Beach, Florida. This financing enables the completion of a hospitality asset with a May 2026 opening date, situated strategically near the Miami Beach Convention Center. Capital remains available for high-value hospitality redevelopments in prime U.S. tourism destinations, even with the added complexity of historic preservation requirements for the Collins Park Hotel site. The announced date for this financing is 2026-03-16.