Stonehill
Peter Laack has extensive experience in the hospitality industry, with a focus on finance and asset management. Peter most recently worked as Vice President at Stonehill as of October 2022. Prior to that, they held the position of Vice President - Finance at 33 Degrees from August 2021 to September 2022. Peter also served as Vice President at Hotel Asset Value Enhancement (hotelAVE) from March 2015 to April 2021. Peter worked as Manager, Project Finance at Interstate Hotels & Resorts from June 2012 to March 2015 and as Vice President at HREC Investment Advisors from July 2004 to June 2012. Peter began their career in the hospitality industry as a Senior Associate at Hospitality Real Estate Counselors from June 2000 to July 2004.
Peter Laack attended the University of Denver - Daniels College of Business from 1996 to 2000, where they earned a Bachelor of Science in Business Administration (BSBA) with a specialization in Hotel, Restaurant & Tourism Management. Additionally, in 1998, they briefly attended the Australian International Hotel School, although no specific degree or field of study information was provided.
Stonehill
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Stonehill, a direct commercial real estate lender, is actively providing permanent loans, bridge loans, mezzanine loans, pace loans and preferred equity investments secured by real estate assets. Founded in 2013, Stonehill provides creative finance solutions for acquisitions, recapitalizations, refinancing, repositions and renovations. The firm has originated or acquired over $5.1 billion in loans and completed more than 450 transactions. The principals of Stonehill have combined to originate, structure or purchase over $10 billion of debt. Stonehill, an affiliate of Peachtree Group, has historically been one of the most active hotel commercial real estate lenders in the U.S., ranking as the tenth-largest U.S. hotel lender by the Mortgage Bankers Association in 2021. In 2022, Stonehill expanded its commercial lending business to include all real estate sectors through partnering with industry veterans and forming Stonehill CRE. Stonehill CRE closed its first transaction in July 2022 and continued to deploy approximately $300M in capital through the origination and purchase of first mortgage loans in 2022. Stonehill CRE provides needed liquidity for maturing loans, new acquisitions, and construction projects. In addition, Stonehill is a qualified Commercial Property Assessed Clean Energy (CPACE) lender for all commercial asset classes. Stonehill PACE, a division of Stonehill, is a direct lender for Property Assessed Clean Energy (PACE) financing. The group’s depth of experience in sourcing, underwriting, and closing real estate transactions is unparalleled in the PACE industry. The team at Stonehill PACE has earned a reputation for providing professionally managed, efficient execution.