Peachtree Group Provides $32M Construction Loan for Alabama Hotel

Spandrel Development Partners has sealed $32.36 million of construction financing to develop a Marriott-branded hotel in Huntsville, Ala., Commercial Observer has learned. Peachtree Group originated the three-year loan with two 12-month extension options for the developer’s planned 154-room AC Hotel by Marriott property to be built within Huntsville’s Bridge Street Town Centre. Spandrel acquired the […]