PMZ Realty Capital, a national boutique real estate investment banking firm, secured two fixed-rate loans totaling $24.5 million for two hotels for Vision Hospitality Group. The loan for a Residence Inn by Marriott was $13 million and the loan for a Homewood Suites by Hilton was $11.5 million. Both loans were locked in with fixed rate financing at an interest rate of around 4 percent.
The 100-suite Homewood Suites by Hilton property is located northwest of Atlanta and caters to the business, extended stay, family or sports team travelers. The hotel has access to nearby Atlanta attractions including the Kennesaw Battlefield Park, Southern Museum of the Civil War, Six Flags White Water, the Coca-Cola Museum and Atlanta Botanical Gardens. The hotel draws corporate business from Fresenius Medical, Diebold, DuPont and Cabela’s. Group business is primarily generated from sports teams and weddings.
The Residence Inn by Marriott Atlanta NE/Duluth Sugarloaf includes 112 keys and is located near numerous businesses, the Sugarloaf Mills Mall and the Gwinnett Center & Arena. The hotel is also frequented by corporate businesses such as Liberty Mutual, Honeywell and ALE Solutions.