PMZ Realty Capital LLC has arranged an $83.5 million fixed-rate loan on behalf of Legacy Ventures for the 321-key Embassy Suites Centennial Park in Atlanta.
This marks the fifth loan PMZ has closed for Legacy Ventures. The last one, an $82.5 million floating rate loan in 2017, also was for the Embassy Suites Centennial Park.
The Embassy Suites is situated near a $5 billion mixed-use development project in downtown Atlanta called The Centennial Yards. Over the next decade, it is projected to introduce 9 million square feet of new office space.
The hotel includes more than 16,000 square feet of meeting space, a fitness room, a pool and a business center. Nearby attractions include the Mercedes Benz Stadium, Centennial Park, Georgia World Congress Center, Georgia Aquarium, National Center for Civil and Humans Rights Museum and World of Coke.