PMZ Realty Capital Arranges $24 Million Loan for Spartanburg Marriott


PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today it has arranged a $24,000,000 fixed loan for The Spartanburg Marriott in Spartanburg, South Carolina. Local demand generators include six colleges in the downtown area and the BMW Performance Center along with many nearby restaurants.

The 240-room and 7-suite property is in the heart of Spartanburg, South Carolina and features over 30,000 square feet of meeting space. The hotel can accommodate meetings, conferences, social events, wedding receptions of all sizes with its 27 event rooms, three boardrooms, 11,340 square foot Heritage Ballroom accommodating up to 1,500 guests.

“The fixed rate loan allowed the borrower to consolidate their overall financing package into a single loan with a long maturity,” stated Peter Berk, President, PMZ Realty Capital LLC.

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 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