04.24.17

PMZ Realty Capital LLC Obtains $82.5 Million Floating Rate Loan for Embassy Suites Atlanta

PMZ Realty Capital LLC, a national boutique real estate investment-banking firm focused on creating advantageous capital structures for their clients, has obtained a $82.5 million floating rate loan for the Embassy Suites Atlanta-at Centennial Olympic Park, a 321-suite hotel featuring over 16,000 sq ft in meeting space. The property will become the fourth loan PMZ Realty Capital LLC has closed for hotel owners, Legacy Property Group.

“A floating rate loan worked well for this particular property because the hotel had just undergone a major $10 million renovation over the last year. Rooms throughout the hotel were taken out of service as upgrades including a complete renovation to all the guest rooms and public areas were performed,” said Peter Berk, President, PMZ Realty Capital-Hotel Finance Group. “There was significant interest in the lending community for this loan due to its trophy quality and irreplaceable location adjacent to the Georgia World Congress Center and the Georgia Aquarium.”

“This loan allowed us to retire our existing financing and provided a stabilization period for the asset now that the renovation is complete. By providing us with multiple financing options, PMZ allowed us to find the best lender suited to our specific needs,.” commented David Marvin, Founder, and President, Legacy Ventures. “As a longtime supporter of Atlanta and the resurgence of their downtown market and the Centennial Park District, it’s especially significant to continue to revitalize this area. This renovation helps us continue down that path and invest in the future of the city.”

The Embassy Suites Atlanta- at Centennial Olympic Park is located in downtown Atlanta, 8 miles from the Hartsfield-Jackson Atlanta International Airport. The contemporary style hotel has 321 two-bedroom suites, 16,000 sq ft of meeting space and a relaxing outdoor pool and spa. It is adjacent to Georgia Aquarium and the World of Coca-Cola in the Luckie Marietta District.

PMZ Realty Capital LLC is highly regarded 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 Peter Berk, President, PMZ Realty Capital LLC at (212) 277-8265.

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.

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