03.09.16

PMZ Realty Capital Arranges $27 Million Loan for Boise Airport Hotel Portfolio

PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today the closing of a $27 million loan to refinance four hotels located at the Boise Airport in Boise, Idaho.

The 300+ room portfolio includes the Fairfield Inn by Marriott Boise, Hampton Inn Boise – Airport, Holiday Inn Boise Airport, and the La Quinta Inn & Suites Boise Airport.

“The volatility in the market today did not impact the ability to get this portfolio deal closed,” stated Peter Berk, President, PMZ Realty Capital LLC – Hotel Finance Group. “We continue to work with clients to ensure that no matter what the market conditions are, they are able to get their loan closed at favorable market conditions. Our long history and relationships with capital providers has certainly worked to our advantage in this time of market uncertainty.”

The properties offer guests the ability to enjoy the great outdoors, from mountain biking in Boise’s foothills or whitewater rafting on the Payette River to skiing and snowboarding at the Bogus Basin Mountain Resort. There is also upscale city entertainment with close proximity to the Ann Morrison Center for the Performing Arts, the Discovery Center, Quest Arena, Idaho Historical Museum, and the Boise Zoo.

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.

When our company wanted to convert the Intercontinental Hotel on Central Park South in New York City into luxury residences, I knew who to call first. Within 30 days, Peter was able to secure an application for $110 million worth of financing. The loan included multiple layers of capital representing over 90% of the costs to complete the project. He coordinated multiple parties through the due diligence process in order to ensure a smooth closing. I have worked with Peter and Mike on several other deals as well and their service and dedication are consistently outstanding. PMZ Realty Capital is my financial intermediary of choice.

Steve Glascock
President, Anbau Enterprises