12.10.19

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

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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.

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