01.04.17

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.

PMZ has refinanced a substantial portion of our portfolio: 18 loans for both limited and select service hotels across four states, in excess of $200 million total in-debt financing. I always value PMZ’s insight into the current state of the financing market. They are always responsive, enthusiastic and have in depth knowledge of the financing markets. I am confident that PMZ would add value as financial consultants/brokers from their experience in the hospitality industry.

Hasmukh (H.P.) Rama
Auro Hotels (Formerly JHM Hotels), Chairman of the Board