PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structure for their clients, recently secured two fixed rate loans totaling $24.5 million for their client, Vision Hospitality Group, Inc. The loan for the Residence Inn by Marriott was $13 million and the loan for the Homewood Suites by Hilton was $11.5 million. Both loans were locked in with fixed rate financing at an interest rate of around 4%.
“We were pleased to partner with a prominent owner/operator such as Vision Hospitality Group, Inc. on this financing opportunity,” stated Peter Berk, President, PMZ Realty Capital-Hotel Finance Group. “The lenders recognized that these were great assets and also an opportunity to establish a relationship with Vision. As such, we had a lot of interest amongst lenders to win this financing assignment.”
The 100-suite Homewood Suites by Hilton property is located northwest of Atlanta and caters to the business, extended stay, family or sports team travelers. The hotel has convenient access to nearby Atlanta attractions including the Kennesaw Battlefield Park, Southern Museum of the Civil War, Six Flags White Water, the Coca-Cola Museum and Atlanta Botanical Gardens. The hotel draws corporate business from Fresenius Medical, Diebold, DuPont and Cabela’s. Group business is primarily generated from sports teams and weddings.
The Residence Inn by Marriott Atlanta NE/Duluth Sugarloaf includes 112 keys and ideally situated near numerous businesses, the Sugarloaf Mills Mall and the Gwinnett Center & Arena. The close proximity of the property to the Arena at Gwinnett Center, a 13,000-plus seat arena that attracts many of the world’s premier performing acts as well as minor league sports, means strong group business throughout the year. The Residence Inn by Marriott property is also frequented by corporate businesses such as Liberty Mutual, Honeywell and ALE Solutions.
“Our firm is committed to delivering premium hotel experiences under premium brand names to our guests,” said Mitch Patel, President and CEO of Vision Hospitality Group, Inc. “Our reputation was built on the experience and attention to detail we bring to each project and we look forward to continuing that excellent level of quality with these two specific hotels. The professionalism and attention to detail that PMZ delivered to this financing assignment is in keeping with the high standards we demand as a company.”
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.