Today’s report takes a look at a newcomer to hotel fund raising – the Investing in Opportunity Act, and the capital pools and projects the federal law is generating.

While the U.S. Department of the Treasury and the IRS are still working on the act’s punch list, many hotel developers and private equity groups are moving ahead to capitalize early on projects already breaking ground in designated opportunity zones.

In this episode, we hear from leadership at Peachtree Hotel Group of Atlanta, and a real estate attorney specializing in hotel development and opportunity zones. We also feature recorded interviews of the U.S. senators responsible for introducing the act.

You’ll hear from …

Greg Friedman, co-founder and president, Peachtree Hotel Group

Mitul Patel, co-founder, managing principal and COO, Peachtree Hotel Group

Brian Waldman, senior vice of president of investments, Peachtree Hotel Group

Nicole Ament, real estate lawyer and shareholder in the Brownstein Hyatt Farber Schreck law firm

Resources & Links

* Peachtree Hotel Group

* Nicole Ament

VIDEOS

* Scott and Booker at NACo.

* [This post contains video, click to play]

* Scott on Senate Finance Committee

* Letter Sen. Tim Scott and others sent to Steve Mnuchin, secretary of the U.S. Treasury listing unanswered questions regarding opportunity zone investment.

* Economic Innovation Group (EIG)’s website FAQs

Opportunity Zone legislation links

* Senate bill

* House bill