Access Point Financial LLC, a direct lender and specialty finance company focused exclusively on the hospitality industry, has expanded its platform via the forming of a strategic relationship with Pike Hill Lodging Partners. The enhanced collaboration is set to provide industry professionals with access to the combined expertise of both organizations, while ensuring even greater flexibility in the ability to tailor financing to meet specific hoteliers’ needs, according to APF. Pike Hill cofounders Tim Peterson and Ankur Shah will join the company’s executive leadership team as managing directors and co-heads of capital markets and corporate development.
“Pike Hill with its industry-leading reputation and experience with capital markets is a natural complement to the dedicated financial expertise that APF possesses for the hotel industry, which together can ensure hoteliers always make informed decisions on available financial offerings to maximize ROI and the achieving of business goals,” said Mike Lipson, CEO, Access Point Financial. “With a proven track record of success in delivering expected results for their clients, Tim Peterson and Ankur Shah are welcome additions to the APF executive team, and we look forward to putting their years of experience to good use in fully serving the growing financial needs of today’s industry.”
Shah and Peterson will be launching and leading APF’s Washington, DC, office, with a focus on accelerating APF’s growth through expanded capital markets and M&A reach. Both capital market experts will also be dedicated to introducing new financing offerings and enhancing brand partnerships. They bring notable entrepreneurial, investment and board expertise in capital structuring, launching specialty finance companies and growing asset management platforms.
“Access Point’s resources, culture and reach within the hotel industry combined with Pike Hill’s capital markets expertise uniquely position the combined company to be the leader in hotel finance,” said Shah and Peterson. “We are excited to join this exceptional team in helping realize the company’s immense potential. Access Point is poised to be the preeminent capital provider to the hotel sector.”
Peterson and Shah founded Pike Hill, a hotel specialty finance company, in 2019. Prior to that, they worked together in leadership roles at SunBridge Capital Management, a multi-strategy investment manager, and Choice Hotels International, an affiliated global hotel franchise company. At SunBridge, they were responsible for making and managing investments in real estate and financial service operating businesses. At Choice, Peterson and Shah were instrumental in the company’s capital markets and M&A efforts.