Financing
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PMZ Realty Capital arranges $20M mortgage for Atlanta's Glenn Hotel   28 Jan, 2014

PMZ Realty Capital LLC arranged a $20,000,000 mortgage for The Glenn Hotel in Atlanta. As part of the Marriott Autograph Collection, The Glenn Hotel has 110 rooms.More>>

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Construction of Hotel Indigo in Wilmington, N.C., delayed over financing   24 Jan, 2014

Construction of the Hotel Indigo, a key component to the Northern Riverfront Hotel and Marina development in Wilmington, N.C., is being delayed pending additional financing. The hotel is about six months away from construction.More>>

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Pioneer Realty arranges construction loan for Candlewood in Texas   13 Jan, 2014

Pioneer Realty Capital, a Texas-based commercial mortgage intermediary and non-bank lender, has closed a $5.6-million new-construction loan for a Candlewood Suites in San Angelo, Texas. More>>

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Hotel AG finishes 2013 on strong note   6 Jan, 2014

Hotel brokerage firm Hotel AG finished 2013 having sold or advised on 125 hotel transactions, the company said. Of the 125 transactions, 21 were sold during the months of November and December.More>>

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Group business going away? Don't tell convention hotel developers!   3 Jan, 2014

Recent development activity in second-tier convention markets may be signaling that group business, though different, may be on the way back. Emerging convention markets now are focused less on traditional large-scale corporate group business and instead are attracting sports business and other...More>>

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What's the real hotel lending landscape look like?   4 Dec, 2013

We talked to some brokers to see what the "real" lending landscape is looking like. Here's what they told us.More>>

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Loan approvals rise despite selective lenders   4 Dec, 2013

While banks are still not ready to give 100 percent financing to new schemes, the trend for giving loans is seeing consistent improvement.More>>

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Kansas City's Savoy Hotel deal moving forward   3 Dec, 2013

21c Museum Hotels developer plans to restore the Savoy Hotel and Grill in Kansas City, Mo., is pursuing the remainder of his financing package, including $15 million in historic tax credits, The Kansas City Star reports. The redevelopment plan, which calls for restoring the hotel as a 120-room...More>>

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PMZ closes record amount of deals in 2013   3 Dec, 2013

PMZ Realty Capital, a New York-based real estate investment banking firm, reported a record-breaking amount of deals in 2013, with a total dollar volume of $867 million representing financing for 57 hotels. This year’s deals included major hospitality brands including Marriott, Hilton, IHG,...More>>

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100-key hotel slated for Brooklyn's Williamsburg neighborhood   15 Nov, 2013

Commercial Observer reports that Synapse Capital is planning for the development of a 65,000-square-foot building that would include a 100-room hotel with indoor/outdoor food and beverage space, ground-floor retail, and a 10-unit residential building. More>>




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