12.10.19

PMZ Realty Capital LLC Completes Advisory Assignment to Bring Cambria Suites to New Haven, Connecticut

PMZ Realty Capital LLC, a boutique real estate investment banking and advisory firm, recently completed an assignment that will result in the newly constructed Cambria Suites, a Choice hotel, to be built in New Haven, Connecticut.  PMZ Realty Capital specializes in hotel real estate investment banking nationwide with an expertise in sourcing capital for the hospitality industry. In addition, PMZ Realty Capital provides real estate advisory services to developers looking for the optimal deal structure, hotel brand and joint venture partners.

“Hotel investors know us for our skill at guiding successful financing transactions, but PMZ Realty Capital  also has deep experience on the advisory side of the business too” commented Michael Sonnabend, Managing Member, PMZ Realty Capital LLC.  A Connecticut based office and retail developer retained PMZ Realty Capital’s advisory services to help them locate a proper hotel partner to complete the hotel component of a new mixed-use project.  The project is located in close proximity to the Yale University Hospital in New Haven, CT.

The project specified a hotel development to complement the new retail and office properties.  The developer tasked PMZ Realty Capital with sourcing both financing and hotel expertise to complete the project.  PMZ methodically worked its relationships to source the capital and review multiple franchise partners.  Ultimately, Choice hotels offered an attractive deal to the developers which will result in a newly constructed Cambria Suites to New Haven, CT.

“PMZ understands the challenges that developers have in sourcing capital, especially those with limited hotel operating experience. Convincing a major hotel franchisor to agree to work with them had its challenges” remarked Sonnabend.  “However, PMZ was patient and persistent as we worked to line up the deal. The developer appreciated our tenacity to complete the assignment when other firms had not been successful.”

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 Michael Sonnabend, Managing Member, PMZ Realty Capital LLC at (212) 277-8252.

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