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Lessons from completing hundreds of RE transactions valued at over $8 billion - Greg Friedman - CEO of Peachtree Hotel Group
Manage episode 407463066 series 3560640
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Greg has successfully led Peachtree in more than $9.0 billion in acquisitions, investments, and development since co-founding the company. He has more than 24 years of hospitality experience with an emphasis on deal-structuring and financing and was formerly Senior Vice President of Business Development for Specialty Finance Group, originating more than $2.0 billion of hotel debt.
Peachtree Hotel Group's track record spans more than 580 real estate transactions and $8.0+ billion in total capitalization of real estate assets.
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Links:
Topics:
(00:01:44) Building Peachtree
(00:06:52) Why was hospitality intriguing as an asset class?
(00:09:04) Do you ever feel capped by the amount of capital you can raise by only being in hospitality?
(00:12:12) How important is vertical integration?
(00:17:33) How have you made money buying debt?
(00:24:29) What were some learnings you’ve had from previous cycles?
(00:28:26) How do you manage your reputation and perception while playing in a debt environment?
(00:31:40) How critical is it to manage your P&L?
(00:37:10 Holding investment committee on a Friday
(00:38:57) Do you tour every asset?
(00:40:25) What are the most interesting opportunities to you on the equity side right now and the near future?
(00:44:30) How much emphasis are you placing on the actual real estate vs. the operating company?
(00:46:40) Selling a fully renovated hotel vs. selling a hotel that needs renovation
(00:49:27) What are some trends you’re seeing in hospitality that could be interesting investments?
(00:51:54) Are you working on any conversions?
(00:52:05) Would you ever break any of your verticals off or use them to buy another company?
(00:55:34) What’s your favorite hotel?
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