01.20.15

PMZ Realty Capital LLC Procures $138.5 Million Loan for TPI Hospitality Portfolio

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PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structure for their clients, recently procured a $138.5 million loan for their client, TPI Hospitality. The loan includes financing for twelve hotels in their portfolio focusing on the Minneapolis and Florida markets.

“Financing for this portfolio was part of a recapitalization of their company as well as a conversion to an ESOP structure,” stated Michael Sonnabend, Managing Member, PMZ Realty Capital. “We were able to deal with those complex challenges in a very efficient and timely matter which speaks well to our experience in working through any need of our client. The loan also reduced the company’s overall borrowing cost while right sizing leverage so it will make a significant impact of the future growth of their company and enable the firm to take advantage of new opportunities.”

The financing included Marriott, Hilton, and IHG franchises in suburban Minneapolis in and a Staybridge Suites in Naples, Florida. The transaction was completed as a series of separate loans to maximize flexibility to our client and obtain the most advantageous loan terms. Several of the properties were subject to short-term franchise expirations and ground leases, which were all addressed as part of the financing.

PMZ Realty Capital LLC is highly regarding 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.

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