06.10.19

PMZ Realty Capital LLC Arranges $83.5 Million Fixed Rate Loan for Embassy Suites Atlanta

PMZ Realty Capital LLC, a boutique real estate investment banking firm, arranged a $83.5 million fixed rate loan for the 321-suite Embassy Suites Centennial Park in Atlanta on behalf of Legacy Ventures. PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital for the hospitality industry.

“PMZ values working with Legacy Ventures and providing exceptional financing solutions. The hotel is now stabilized after a major $10 million dollar renovation” noted Peter Berk, President of PMZ Realty Capital LLC. “The Embassy Suites Atlanta Centennial Park will continue to grow as more demand generators enter the market.”  This is the fifth loan PMZ Realty Capital LLC has closed for Legacy Ventures.

The Embassy Suites Atlanta Centennial Park is perfectly located by the Mercedes Benz Stadium, Georgia World Congress Center, Georgia Aquarium, National Center for Civil and Human Rights Museum and World of Coke. In addition, the hotel is located by The Centennial Yards project, a $5 billion mixed use development projected to reshape downtown Atlanta that will include a projected 9 million square feet of new office space over the next decade.

“Interest rates continue to be at historic lows and PMZ projects that they will remain there while the economy continues to perform at record levels” commented Berk. “Hotel owners should be reviewing their financing options during this low interest rate environment.”

“Legacy Ventures has become a leader in the hospitality industry by consistently delivering measurably better results. And the key to this is our team members who consistently lean into both routine duties and one-off challenges” said David Marvin, Founder and President of Legacy Ventures. “Securing the Embassy Suites Centennial Park with outstanding financing allows us to continue our mission. I could not be prouder or more appreciative of our team. PMZ  Realty Capital is part of our team and we rely on them.”

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 Legacy Ventures

Legacy Ventures, based in Atlanta Georgia, is a best-in-class hotel management, restaurant management and development company. Originally founded as the Legacy Partnership by David Marvin in 1994, the company has steadily grown to include multiple hotel properties in Atlanta, GA, Chattanooga, TN and Madison, WI. In addition, Legacy Ventures owns and operates full service restaurants across the country.

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