Keyword: PMZ Realty Capital
The fixed-rate loan was arranged on behalf of Legacy Ventures for the 321-key Embassy Suites Centennial Park.
PMZ Realty Capital arranged the CMBS loan for CMC Hotel’s Fairfield Inn & Suites by Marriott Raleigh Cary.
The three properties all are located in Ohio and consist of a SpringHill Suites by Marriott, a Holiday Inn and a Holiday Inn Express.
The loans will be used to refinance the Hilton Garden Inn in Flowood, Miss.; the Hampton Inn in West Point, Miss.; and the Tru by Hilton in McDonough, Ga.
The hotels were the 161-room Holiday Inn Philadelphia South-Swedesboro and the 92-room Holiday Inn Express & Suites Detroit-Novi.
Hotel development is continuing at a comfortable pace this year, but the upscale segment continues to attract the attention of brands, developers and travelers.
The portfolio comprises the Hyatt Place Airport North in Atlanta, the Hampton Inn Atlanta/Norcross and the Fairfield Inn & Suites in Commerce, Ga.
The 158-room boutique hotel is scheduled to open later this year in Charleston, S.C., and will include an onsite restaurant and bar.
Industry insiders discuss the percolating midscale space, marked by new brands, and what it will take to become a leader in the segment.
The 153-room property sits along the Ashley River in downtown Charleston, S.C., adjacent to the Medical University of South Carolina.