12.09.16

PMZ Capital Realty Arranges $15 Million Loan for The Partridge Inn Augusta, Curio Collection by Hilton

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, has arranged a $15,000,000 loan for The Partridge Inn Augusta, Curio Collection by Hilton.

The 110-year old “Grand Hotel of the Classic South” has recently undergone an extensive yet careful restoration to ensure guests not only experience the original 1836 house which remains encompassed within the building, but to also enjoy the comforts and conveniences of a contemporary luxury hotel. The property features high ceilings, classic décor, state-of-the-art amenities along with WiFi, 42-inch TVs, and personalized, ergonomic work stations.

“The borrower was looking to retire expensive recourse debt and preferred equity after an extensive renovation,” stated Michael Sonnabend, Managing Member, PMZ Realty Capital. “This property is extremely unique based on its location in Augusta, Georgia, known worldwide for the Masters. This along with the property being the top performing hotel in the area allowed us to negotiate a non-recourse bank loan with a rate below 5% for 10 years.”

The Partridge Inn is in the district of Summerville with downtown Augusta, the medical and education community along with Fort Gordon and shopping minutes away. The property is less than two miles from Daniel Field Private Airport, and 10 miles from Augusta Regional Airport. Georgia’s second oldest city is known worldwide for the Masters, and golfers will find several beautiful courses in the area along with the Augusta Riverwalk, home of the Jesse Norman Amphitheatre, museums, restaurants and a children’s park.

PMZ Realty Capital LLC is highly regarding within the hospitality industry for their integrity, creativity and advocacy on behalf of their clients. With over 75 years of combined experience, they are the industry experts and as such, are frequent contributors to industry publications and conferences. The firm approaches each assignment with passion, commitment and dedication to achieving the client’s objectives.

For more information about PMZ Realty Capital LLC or to contact the firm to finance your next hotel, contact Michael Sonnabend, Managing Member, PMZ Realty Capital LLC at (212) 277-8252.

About PMZ Realty Capital LLC
PMZ Realty Capital LLC is a boutique real estate investment banking firm that operates on a nationwide basis. Their advisory services are focused and highly specialized with the singular goal of creating the most advantageous capital structure for their clients. The firm focuses on debt and equity financing, note sales, joint ventures, recapitalizations and real estate advisory services. PMZ Realty Capital LLC is a national leader in hospitality financing and also has an extensive transaction history with other asset classes, including office, retail, self-storage, multi-family and industrial properties.

I’ve had the opportunity to complete a dozen debt and equity transactions with Mike and Peter over the past ten years and value their financial and business insight. They bring innovative ideas and fresh thinking to each of their deals, and helped structure both debt and joint venture transactions that exceeded our expectations. Above all, we respect them and their firm as trustworthy advisors who are focused on their clients and their needs.

Ashish Parikh
Chief Financial Officer, Hersha Hospitality Trust