08.15.17

PMZ Realty Capital Arranges $19 Million Loan for Charleston Holiday Inn Express

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today it arranged a $19,000,000 loan for the Holiday Inn Express Charleston Downtown – Ashley River in Charleston, South Carolina.

The 153-room property sits along the Ashley River in Downtown Charleston, South Carolina, adjacent to the Medical University of South Carolina and the WestEdge Charleston Development. Located minutes from Charleston’s Historic District, the property allows guests to benefit from its proximity to pristine beaches, parks, restaurants, golf courses, and Joe Riley Baseball Field, home of the Charleston Riverdogs.

“The owner used the proceeds from this transaction to refinance their existing debt and buy out their institutional partner,” said Michael Sonnabend, Founder & Managing Member, PMZ Realty Capital LLC. “Our extensive relationships enabled us to achieve a phenomenal execution for the owner with an attractive fixed rate for five years representing 82% of the funds required with no origination fee.”

The hotel offers guests an outdoor pool, complimentary fitness room equipped with a treadmill, elliptical machine, recumbent bike, rowing machine, free weights, and yoga ball along with hot breakfast buffet daily and a free high-speed Wi-Fi.

PMZ Realty Capital LLC is highly regarded 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, Founder & 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 has an extensive transaction history with other asset classes, including office, retail, self-storage, multi-family and industrial properties.

I have worked with PMZ for over 10 years and during that time have had nothing but positive experiences.  They deliver at closing exactly what they promised at the beginning of the project.  PMZ has helped Sun Companies secure over $150 million in financing for such brands as Hilton, Marriott, and IHG.  Their business is relationship-based, therefore, they are the perfect partners for us and essential to our company’s growth.

Bharat Patel
Chairman & CEO, Sun Development Company