PMZ Realty Capital LLC Arranges $19 Million Loan on Two Properties for Georgia based PeachState Hospitality


PMZ Realty Capital LLC, a boutique real estate investment banking firm, has secured $19 million of loans for two Marriott branded hotels in the PeachState Hospitality portfolio. PMZ Realty Capital specializes in hotel real estate investment banking nationwide.

“PMZ presented PeachState with financing options that allowed them to recapture invested equity to use for future development projects” commented Peter Berk, President of PMZ Realty Capital LLC. “The hotel financing market is still very active and rates remain historically low for the right deals and sponsors. These deals represent almost $50 million in hotel financing that PMZ has completed for PeachState over the last 24 months.”

The two properties refinanced are the 106-room Courtyard by Marriott in Warner Robbins, GA and the 80-room TownePlace Suites in Albany, GA.

Deal highlights include:

Courtyard by Marriott – Warner Robbins, GA

PMZ Realty Capital LLC arranged a 10-year, non-recourse CMBS loan with 30 year amortization for the Courtyard. “PMZ and PeachState have worked together on many deals over the years.  These hotels are important assets in our portfolio.  By establishing permanent financing on these hotels, PeachState can continue to execute our strategic growth plan that we mobilized in 2016.” stated Danny Patel, CEO, PeachState Hospitality.

Warner Robbins was ranked by Forbes as the #33 Best Small Places for Business. The metro area has a low cost of living, steady growth and low unemployment. This 106-room Courtyard by Marriot is located near Robins Air Force Base.  Major demand generators drawing guests include Houston Healthcare, Northrup Grumman, Boeing, Frito Lay and Purdue Farms.

TownePlace Suites by Marriott – Albany, GA

The TownePlace Suites also secured a fixed rate 10-year, non-recourse CMBS loan with 30-year amortization. “This financing allows PeachState to continue moving towards the company we want to be”, said Mr. Patel, “PMZ was our partner in securing this financing. The right financing is an important contributor that allows us to deliver returns for our investors. That in turn allows PeachState to focus on building a strong team culture so we can provide the best guest experience.”

“PeachState Hospitality is one of those remarkable stories“, remarked Berk. “Hard work, vision and a willingness to grow allow them to push the company to the next level of hotel ownership groups.”

The 80-room property was completed in 2018 with modern amenities including charging stations for Teslas and electric vehicles. Companies generating demand in the market include Albany State University, Proctor & Gamble, and Miller/Coors Brewing Company.

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 highly specialized with the singular goal of creating the most advantageous capital structure for their clients. PMZ Realty Capital LLC is a national leader in hospitality financing focusing on debt and equity financing, note sales, joint ventures, recapitalizations and real estate advisory services.

For more information about PMZ Realty Capital LLC or to contact the firm to finance your next hotel, contact Peter Berk, President, PMZ Realty Capital LLC at (212) 277-8265.

About PeachState Hospitality

With over twenty-five years of experience, the PeachState Hospitality team has significant experience in all aspects of the hospitality industry, including acquisitions, dispositions, renovations, finance, construction, planning, development, design, accounting, cost control, and management. These industry strengths are upheld through continuous recruitment and training, which maintains the highest level of customer service and team member development. PeachState Hospitality currently operates 15 hotels with 5 hotels currently under development.

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

PMZ has worked with our franchisees for over two decades financing all of the Hilton brands.  They have extensive experience with our brands and in the capital markets and have provided outstanding customer service.  Their business consistently finds creative financing solutions for our licensees, which, in turn, helps the Hilton Franchise Development Team achieve our growth objectives. PMZ brings trust and commitment to our franchisees.  We look forward to continuing our relationship with PMZ and recommending them to our franchisees in the future.

Bill Fortier
Senior Vice President Development, Hilton Worldwide 

We have worked with the PMZ team for many years.  They have done exceptional work for us in securing great financing for our assets in multiple locations.  They are professional and knowledgeable in all aspects of real estate finance.  

Mitch Patel
President & CEO, Vision Hospitality Group

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

PMZ and their team of experts has been arranging financing for IHG owners for over 20 years. Their deep understanding of the hospitality industry, and the capital markets, has allowed many of our owners to secure the necessary financing to grow and expand their portfolios. PMZ has always and continues to put relationships first by acting with transparency and professionalism throughout their entire process. We appreciate what they do for IHG and the hotel industry as a whole.

Julienne Smith
Chief Development Officer, The Americas IHG Hotels & Resorts

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

I’ve completed a myriad of transactions over the past 10 years with Mike and Peter and their clients. Through the ups and downs of the real estate market cycle, they have consistently presented us with transactions that are attractive based on current market dynamics. Throughout the process from origination to closing they have been a strong advocate for their clients, and on more than one occasion, thought of an innovative solution to structure around significant issues. Their creative thinking has benefited their clients and made me confident that once we begin a transaction, it will lead to a successful closing.

Michael Amoia
Director, NY based insurance company

I initially called Peter and Mike several years ago when I was seeking refinancing of two of our properties in Pennsylvania. The lender we were working with at the time had changed the terms on us several times. I explained the situation to them, and they assured me that they would close at the same exact terms or better than originally quoted. Not only did they close at better terms then originally outlined, but they exhibited a sense of professionalism and integrity that every intermediary should possess. I have since worked with Peter and Mike on several other transactions, and their high level of service is consistent. I would recommend the PMZ without hesitation to anyone seeking financing.

Atul Patel
CEO, HMB Management, Allentown, PA

Our firm currently operates over 75 hotels and restaurants in the upper midwest. When we wanted to arrange financing for eight of our limited and full service hotels in Iowa and Kansas, we started working with Peter after he was highly recommended by several of my peers. He did not disappoint us. He understood our unique local markets and secured $60 million from a national insurance company. We have since engaged his firm several other times to arrange financing for us. There is no doubt in my mind that the professionalism and knowledge of PMZ will benefit anyone looking to finance or refinance hotels.

Bruce Kinseth
Executive Vice President, Kinseth Hospitality Companies

The loan arranged by PMZ allowed us to retire our existing financing and provided a stabilization period for the Embassy Suites now that the renovation is complete. By providing us with multiple financing options, PMZ helped us find the best lender suited to our specific needs.

David Marvin
Founder and President, Legacy Property Group

PMZ has brought us multiple financing quotes and helped us select the one most advantageous to the ownership group. They have consistently helped us navigate the closing process flawlessly.

Danny Patel
CEO Peachstate Hospitality, Former Chairman Asian American Hotel Owners Association (AAHOA)