08.20.14

PMZ Realty Capital LLC Procures $48M Refinancing Loan for Midwest 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, reported a substantial refinancing loan of $48 million for a series of Midwest located hotels. The loan covers six Marriott and Hilton properties in Colorado, Missouri, Kansas and Arizona with a total of 688 keys.

“This select portfolio of Midwest properties presented a wonderful opportunity for a refinancing deal of significant magnitude. PMZ has strategically made inroads on the West Coast and Midwest region recently and this deal proves we are a strong partner for properties on both sides of the country,” stated Peter Berk, President, PMZ Realty Capital-Hotel Finance Group. “We always operate with a ‘can do’ attitude and it’s clear we were successful for this grouping of six properties of nearly 700 keys.”

“We’re thrilled to have such an advantageous loan for our properties. It’s a deal that makes a big impact on several states and includes the SpringHill Suites Phoenix Glendale Sports & Entertainment District, which is slated for the 2015 Superbowl XLIX hotel guests and NFL accommodation,” stated XXX, ownership group. “The influx of capital will make a difference in how we conduct our operations and improve our revenue stream. We are grateful to PMZ for helping us secure this financing with such ease.”

The portfolio of properties involved in the deal include two Colorado Springs properties-Fairfield Inn & Suites Colorado Springs Airforce Academy and the Residence Inn Colorado Springs Central; then branch out to other nearby locations including the Fairfield Inn & Suites Kansas City Airport in Missouri, Fairfield Inn & Suites Kansas City Olathe in Kansas, Hampton Inn Manhattan in Kansas and the SpringHill Suites Phoenix Glendale Sports & Entertainment District. The Fairfield Inn & Suites, Residence Inn and SpringHill Suites are Marriott brands while Hampton Inn is owned by Hilton.

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.

I initially called Peter and Mike several years ago when I was seeking refinancing of two of our properties in Pennsylvania. The lender we were working with at the time had changed the terms on us several times. I explained the situation to them, and they assured me that they would close at the same exact terms or better than originally quoted. Not only did they close at better terms then originally outlined, but they exhibited a sense of professionalism and integrity that every intermediary should possess. I have since worked with Peter and Mike on several other transactions, and their high level of service is consistent. I would recommend the PMZ without hesitation to anyone seeking financing.

Atul Patel
CEO, HMB Management, Allentown, PA