PMZ Realty Capital arranges $83.5M loan for Atlanta Embassy Suites

The Embassy Suites Centennial Park in Atlanta includes 321 guestrooms, 16,000 square feet of meeting space, a fitness room, a pool and a business center. Photo credit: PMZ Realty Capital

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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

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.

Suggested Articles

The Louis Group collection is tagged at a total enterprise value of €178.6 million. 

Barron Hilton, son of Hilton founder Conrad Hilton, served as president/CEO of Hilton from 1966 to 1996.

Kenny Kan is tasked with increasing the Outrigger portfolio through acquisitions and management contracts in Hawaii and global resort destinations.