What’s next for capital markets

May 20, 2020

Barring a resurgence in COVID-19, the fourth quarter of 2020 will once again see loan closings in the hospitality sector, according to PMZ Realty Capital. Photo credit: Getty Images/Natee Meepian   As the majority of the country begins to “reopen,” the capital markets have begun to reopen as well. However, the appetite lenders/investors have for

Peter Berk of PMZ Realty Capital on Navigating the Unfamiliar Road Ahead

April 6, 2020

Peter Berk is president of PMZ Realty Capital LLC, a full-service real estate firm providing debt and equity for real estate projects—especially in the hospitality sector—on a nationwide basis. In these early days of the COVID-19 epidemic, Berk is fielding lots of calls from worried members of the hotel industry, and also hosted a webinar

The State of Hotel Real Estate Development

December 9, 2019

Peter Berk, who has been president of PMZ Realty Capital LLC for more than 10 years, views the hospitality industry from the “glass three-fourths-full” perspective that he says is typical of developers, in contrast to more conservative financial players. Over the course of his career, he has arranged over $6 billion of debt and equity

Roundtable: Upscale hotel development prioritizes limited service

September 19, 2018

Pictured from left: Mark Shalala, VP of development for Choice Hotels Upscale Brands Cambria and Ascend Collection; Grey Raines, president of Raines Hospitality; Ben Seidel, president of Real Hospitality Group; Janice Cannon SVP of upscale brands, Choice Hotels International; Mark Laport, president and CEO of Concord Hospitality; Abraham Hidary, CEO of Hidrock Properties; Michael Sonnabend,

Roundtable: Midscale hotels in focus

February 28, 2018

From left: David Eisen, editor-in-chief of Hotel Management magazine; Alex Gallafent, design director at international design and consulting firm IDEO; Jen Gribble, VP of Avid Hotels and Holiday Inn Express at InterContinental Hotels Group; Mitesh Patel, president of Paragon Hotel Company; Mark Woodworth, senior managing director at CBRE Hotels; Chris Drazba, VP of core brand

PMZ Realty Capital LLC Reports Record 2019

January 14, 2020

PMZ Realty Capital LLC, a national boutique real estate investment-banking firm focused on creating cutting-edge capital structures for its clients, reported today a record-breaking amount of deals in 2019. They reported total dollar volume of over $700 million dollars representing financing for 40 hotels. “We had another year of robust growth, having completed more than

PMZ Realty Capital LLC Arranges $8 Million Acquisition and Renovation Financing for Fairfield Inn and Suites – Spokane, Washington

December 16, 2019

PMZ Realty Capital LLC, a boutique real estate investment banking firm,  arranged a $8 million loan for the acquisition and renovation of the Fairfield Inn & Suites Downtown Spokane, Washington. PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital for the hospitality industry. "PMZ Realty Capital worked

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

December 10, 2019

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

PMZ Realty Capital LLC Arranges a Low Interest Rate Loan for Vision Hospitality Group – $12.5 Million Refinancing of Marriott Courtyard Duluth Sugarloaf

November 4, 2019

PMZ Realty Capital LLC, a boutique real estate investment banking firm, completed a $12.5 million refinancing loan for the 115-key Marriott Courtyard Duluth Sugarloaf, in Duluth, Georgia on behalf of Vision Hospitality Group.  PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital for the hospitality industry. "PMZ

PMZ Realty Capital LLC Arranges $29.0 Million Loan for The Holiday Inn Resort and The Beachview Club – Jekyll Island, Georgia

October 28, 2019

PMZ Realty Capital LLC, a boutique real estate investment banking firm,  arranged a $29.0 million  loan for  The Holiday Inn Resort  and The Beachview Club of Jekyll Island GA. PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital for the hospitality industry. "With historically low rates, and

PMZ has refinanced a substantial portion of our portfolio: 18 loans for both limited and select service hotels across four states, in excess of $200 million total in-debt financing. I always value PMZ’s insight into the current state of the financing market. They are always responsive, enthusiastic and have in depth knowledge of the financing markets. I am confident that PMZ would add value as financial consultants/brokers from their experience in the hospitality industry.

Hasmukh (H.P.) Rama
Auro Hotels (Formerly JHM Hotels), Chairman of the Board

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 

We have worked with the PMZ team for many years.  They have done exceptional work for us in securing great financing for our assets in multiple locations.  They are professional and knowledgeable in all aspects of real estate finance.  

Mitch Patel
President & CEO, Vision Hospitality Group

I’ve had the opportunity to complete a dozen debt and equity transactions with Mike and Peter over the past ten years and value their financial and business insight. They bring innovative ideas and fresh thinking to each of their deals, and helped structure both debt and joint venture transactions that exceeded our expectations. Above all, we respect them and their firm as trustworthy advisors who are focused on their clients and their needs.

Ashish Parikh
Chief Financial Officer, Hersha Hospitality Trust

PMZ and their team of experts has been arranging financing for IHG owners for over 20 years. Their deep understanding of the hospitality industry, and the capital markets, has allowed many of our owners to secure the necessary financing to grow and expand their portfolios. PMZ has always and continues to put relationships first by acting with transparency and professionalism throughout their entire process. We appreciate what they do for IHG and the hotel industry as a whole.

Julienne Smith
Chief Development Officer, The Americas IHG Hotels & Resorts

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

I’ve completed a myriad of transactions over the past 10 years with Mike and Peter and their clients. Through the ups and downs of the real estate market cycle, they have consistently presented us with transactions that are attractive based on current market dynamics. Throughout the process from origination to closing they have been a strong advocate for their clients, and on more than one occasion, thought of an innovative solution to structure around significant issues. Their creative thinking has benefited their clients and made me confident that once we begin a transaction, it will lead to a successful closing.

Michael Amoia
Director, NY based insurance company

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

Our firm currently operates over 75 hotels and restaurants in the upper midwest. When we wanted to arrange financing for eight of our limited and full service hotels in Iowa and Kansas, we started working with Peter after he was highly recommended by several of my peers. He did not disappoint us. He understood our unique local markets and secured $60 million from a national insurance company. We have since engaged his firm several other times to arrange financing for us. There is no doubt in my mind that the professionalism and knowledge of PMZ will benefit anyone looking to finance or refinance hotels.

Bruce Kinseth
Executive Vice President, Kinseth Hospitality Companies

The loan arranged by PMZ allowed us to retire our existing financing and provided a stabilization period for the Embassy Suites now that the renovation is complete. By providing us with multiple financing options, PMZ helped us find the best lender suited to our specific needs.

David Marvin
Founder and President, Legacy Property Group

PMZ has brought us multiple financing quotes and helped us select the one most advantageous to the ownership group. They have consistently helped us navigate the closing process flawlessly.

Danny Patel
CEO Peachstate Hospitality, Former Chairman Asian American Hotel Owners Association (AAHOA)