Peachtree Group Provides $55M Recap Financing for Nimes Real Estate's Burbank Hotel

Nimes Real Estate, a Beverly Hills-based real estate firm, has received a much-needed financial boost for its Burbank hotel, the Hotel Amarano Burbank-Hollywood. The company secured a $55 million bridge loan from Atlanta-based Peachtree Group, with two 12-month extension options, to recapitalize the property. This follows Nimes' 2019 purchase of the 132-room hotel for $72.9 million from Pebblebrook Hotel Trust and a subsequent multimillion-dollar renovation.

However, the hotel, which has faced business challenges since the onset of the pandemic in early 2020, saw further struggles with a five-month Writers Guild of America strike that significantly impacted its revenue. The recapitalization will provide Nimes with much-needed funds to revamp the hotel and attract guests back.

"We are pleased to have secured this financing from Peachtree Group, which will allow us to continue our renovations and position the Hotel Amarano as a top destination for travelers," said David J. Pourbaba, CEO of Nimes Real Estate.

Originally reported by The Real Deal.

https://therealdeal.com/la/2025/09/22/nimes-real-estate-gets-peachtree-group-hotel-financing/