New York-based real estate investment banking firm PMZ Realty Capital secured three loans totaling $25 million to refinance three southern Hilton hotels.
The three Hilton properties are the 112-room Hilton Garden Inn in Flowood, Miss.; the 70-room Hampton Inn in West Point, Miss.; and a 90-room Tru by Hilton in McDonough, Ga.
All three hotels secured 10-year, nonrecourse commercial-mortgage-backed-securities loans with 30-year amortizations.
- The Hilton Garden Inn in Flowood, Miss., is located in the Dogwood Festival Plaza near multiple dining options, Winner Circle Park, the Mississippi Coliseum, Refuge Golf Course and more. The property offers an airport shuttle, an outdoor saltwater pool and a full-service restaurant.
- The Hampton Inn in West Point, Miss., is within walking distance of West Point’s historical business district. The property offers an outdoor pool, a business center, free daily breakfast, complimentary Wi-Fi and a fitness center.
- The Tru by Hilton in McDonough, Ga., opened in 2017. The property is located near the Atlanta Motor Speedway and McDonough Square. This deal represents the first ever CMBS loan raised by PMZ Realty Capital for a Tru by Hilton property.