Peachtree Group announced that it originated $12 million in bridge financing alongside $6.0 million in Commercial Property Assessed Clean Energy financing to support the acquisition and renovation of the 78-key Byways Hotel Portfolio in Alpine and Fort Davis, Texas.
The portfolio consists of three historic hospitality assets: the Holland Hotel, the Hotel Limpia, and the Maverick Inn. The financing package combines short-term bridge capital with long-term structured solutions, reflecting Peachtree’s integrated capital stack strategy.
The transaction is anchored by the U.S. Department of Agriculture Business & Industry lending program, which will provide long-term financing once renovations are completed. The C-PACE component delivers fixed-rate funding for energy efficiency and resiliency improvements, helping reduce overall capital costs and improve project economics.
The Byways portfolio includes the 27-key Holland Hotel, which will be expanded to 28 keys, the 30-key Hotel Limpia, and the 21-key Maverick Inn. All properties are located in USDA-eligible rural markets, defined as communities with populations under 50,000.
Through the USDA B&I program, borrowers can access up to 80% loan-to-value financing with terms extending up to 30 years. The project is expected to preserve approximately 30 full-time jobs and create an additional 25 positions, while renovations are anticipated to enhance the local tax base.
Peachtree said its USDA lending platform is designed to expand access to long-term capital in underserved markets where traditional lending options have become more limited. The firm integrates government-backed lending with other credit solutions to tailor financing structures to individual projects.
The three hotels, built between 1912 and 1928, are considered important cultural and architectural landmarks in West Texas. Planned renovations include upgrades to amenities, improved layouts, and enhancements aimed at increasing guest experience while preserving historic character.
The properties are located near key regional attractions including Big Bend National Park, Sul Ross State University, and McDonald Observatory. The region has seen growing tourism demand, supported in part by its designation within the Greater Big Bend International Dark Sky Reserve.
Peachtree emphasized that the deal highlights its ability to structure financing across multiple sources, including bridge lending, C-PACE, and government-backed programs, to support both acquisition and long-term repositioning strategies.
KEY QUOTES
“This transaction demonstrates how we are leveraging our USDA lending platform alongside C-PACE financing to deliver a comprehensive capital solution. By integrating government-guaranteed lending into our broader credit strategy, we are able to support both the repositioning of these historic assets and their long-term financing needs.”
Zach Chandler, Senior Vice President Of Strategy, Government Lending At Peachtree
“Our USDA lending platform lets us offer flexible, long-term financing in markets that traditional lenders often miss. By combining government-backed lending with our other credit options, we create capital solutions that fit both the borrower’s needs and the property’s strengths.”
Greg Friedman, Managing Principal And CEO Of Peachtree Group
