PMZ Realty Capital arranges over $80M financing in Q1

PMZ Realty Capital closed over $80 million in financing to end a robust first quarter of 2022.

“A large amount of capital has been sitting on the sidelines looking for deal flow to open in the hospitality market,” PMZ Realty Capital President Peter Berk said in a statement. “Our relationships with capital partners who have both floating and fixed rate capital to deploy in the hotel sector has allowed us to put together creative deals for our clients. We are bullish on the remainder of 2022 and anticipate even more deal flow.”

Some of the closings include:

  • 85-room La Quinta Inn & Suites by Wyndham Aberdeen – APG, located in Aberdeen, Md.
  • 95-room Hampton Inn & Suites Baltimore/Aberdeen, located in Aberdeen, Md.
  • 195-room Holiday Inn St. Paul Downtown, located in St. Paul, Minn.
  • 128-room Four Points by Sheraton Amarillo Center, located in Amarillo, Texas.
  • 108-room Fairfield Inn & Suites Amarillo Center, located in Amarillo, Texas.
  • 89-room Fairfield Inn & Suites Lake City, located in Lake City, Fla.
  • 89-room Four Points by Sheraton Dallas Entertainment District, located in Arlington, Texas.

“PMZ works with its clients to ensure they are getting favorable execution in terms of both proceeds and loan terms based on our experience in closing deals and relationships with the capital providers in the industry,” said Michael Sonnabend, managing member, PMZ Realty Capital. “Our clients understand we are able to find them financing tailored to their specific needs and situation.