PMZ Realty arranges $19M loan for the Holiday Inn Jekyll Island

PMZ Realty Capital arranged a $19-million non-recourse loan funded by the NASA Credit Union for the Holiday Inn Resort Jekyll Island, Jekyll Island, Ga.

“This property was unique to finance since it had only a three month operating history and is situated on a ground lease,” said Michael H. Sonnabend, Managing Member, PMZ Realty Capital. “Our client utilized the financing to pay off their high cost bridge loan and preferred equity without waiting for the property to stabilize. The lender was comfortable to make the loan based on the value created by the borrower’s gut renovation of the asset”

Virtual Event

Hotel Optimization Part 3 | Available On Demand

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event, now available on demand, for expert panels focused on getting you back to profitability.


The 251-room resort is located 1.5 miles from the Jekyll Island Convention Center. The property is situated on over a quarter mile of oceanfront.