Summary: 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.<br> 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.<br> 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.<br> You’ll hear from …<br> <br> Greg Friedman, co-founder and president, Peachtree Hotel Group<br> Mitul Patel, co-founder, managing principal and COO, Peachtree Hotel Group<br> Brian Waldman, senior vice of president of investments, Peachtree Hotel Group<br> Nicole Ament, real estate lawyer and shareholder in the Brownstein Hyatt Farber Schreck law firm<br> <br> Resources & Links<br> <br> * <a href="http://peachtreehotelgroup.com/phgwp/" target="_blank" rel="noopener noreferrer">Peachtree Hotel Group</a><br> * <a href="https://www.bhfs.com/people/attorneys/a-b/nament" target="_blank" rel="noopener noreferrer">Nicole Ament</a><br> <br> VIDEOS<br> <br> * <a href="https://www.naco.org/resources/senators-tim-scott-and-cory-booker-discuss-opportunity-zones-nation%E2%80%99s-counties" target="_blank" rel="noopener noreferrer">Scott and Booker at NACo</a>.<br> * <a href="https://longlivelodging.com/205-opportunity-zones-create-21st-century-gold-rush/" title="Click to watch the video">[This post contains video, click to play]</a><br> * <a href="https://www.scott.senate.gov/media-center/videos/watch/senator-scott-highlights-tax-reform-at-senate-finance-committee" target="_blank" rel="noopener noreferrer">Scott on Senate Finance Committee</a><br> * <a href="https://www.scott.senate.gov/media-center/press-releases/scott-leads-bipartisan-letter-to-treasury-encouraging-opportunity-zone-rules-clarification" target="_blank" rel="noopener noreferrer">Letter Sen. Tim Scott and others sent to Steve Mnuchin</a>, secretary of the U.S. Treasury listing unanswered questions regarding opportunity zone investment.<br> * Economic Innovation Group (EIG)’s <a href="https://eig.org/opportunityzones/faq" target="_blank" rel="noopener noreferrer">website FAQs</a><br> <br> Opportunity Zone legislation links<br> <br> * <a href="https://www.congress.gov/bill/115th-congress/senate-bill/293" target="_blank" rel="noopener noreferrer">Senate bill</a><br> * <a href="https://www.congress.gov/bill/115th-congress/house-bill/828/cosponsors" target="_blank" rel="noopener noreferrer">House bill</a><br> <br>
