The economic shutdown last year created significant dislocation in the service industry. Hotel revenue collapsed overnight across the US in March 2020, down over 80% from the previous year. Liquidity dried up with lenders shifting to loan forbearance and restructuring. This dislocation created opportunity to invest in distressed hospitality debt at significant discounts as the industry came to a screeching halt. Entering the summer travel season, more than 140 million Americans have already been fully vaccinated with many planning to return to travel.
Lightning seems to have struck twice for Peachtree, who purchased 47 distressed investments during the post-Lehman financial crisis back in 2008-2009 realizing significant above average returns for investors. Their current fund looks to replicate the opportunity already having raised $300m.
Peachtree Hotel Group is a privately held real estate investment company that owns, operates, manages, and develops hotel and hotel-related assets throughout the United States with an investment track record of $5+ billion in total capitalization.
Join South Coast online, Wednesday, June 23rd, 12pm-1pm Pacific, as we discuss the opportunity to invest in distressed debt as the economy continues to recover. Lunch will be delivered to your home or office prior to the event.