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PEACHTREE GROUP PROVIDED $114.6 million in bridge loans to recapitalize two Hyatt hotels owned by McWhinney: Hyatt Centric Congress Avenue Austin, Texas, and Hyatt Place Denver Peña Station in Denver. The company originated a 48-month floating-rate bridge loan for the 246-room Austin hotel and a 60-month fixed-rate bridge loan for the 226-room Denver hotel, Peachtree said in a statement. Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal. "The Hyatt Centric Congress Avenue Austin is a standout property that embodies Austin's energy and appeal," said Jared Schlosser, Peachtree's executive vice president of hotel originations and head of CPACE. "This recapitalization reflects our confidence in the asset's potential and McWhinney's vision for creating exceptional destinations."

Mark Hoplamazian, Hyatt Hotels Corp. president and CEO, has been named the 2025 Cornell Hospitality Icon of the Year. The award, established by the Cornell Peter and Stephanie Nolan School of Hotel Administration, will be presented at the Cornell Icon and Innovator Awards in New York City on June 3. Appointed to his current role in December 2006, Hoplamazian has led Hyatt's IPO, overseen its growth, and helped define its purpose over 18 years: to care for people so they can be their best, Cornell said in a statement. "We are excited and honored to recognize Mark as this year's Cornell Icon," said Kate Walsh, dean of the Nolan Hotel School. "Mark is a tremendous leader who, with his deep care for every colleague, guest, and stakeholder, embodies the essence of hospitality. He leads Hyatt - and our industry - with heart, mind, and soul, and is an inspiration and model for our Cornell students. We could not think of a more fitting leader to honor as our Industry Icon."