PMZ Realty Capital LLC is a boutique national real estate investment bank that focuses on creating capital structures that are advantageous for clients. Today, it announced a $5.3 Million loan for the Hampton Inn Marysville in Marysville. The loan was made through a debt-fund and only interest payments are required for the entire five-year period.
The loan proceeds were used to provide capital for the new owners to acquire the property. They also implemented a property improvement plan to enhance the guest’s experience, and maintain the property in compliance with brand standards.
“We are proud to have successfully arranged financing for our client’s first U.S. hotel acquisition,” said Peter Berk, President of PMZ Realty Capital LLC – Hotel Finance Group. Navigating cross-border funding can be complicated, but we worked together with all parties to design a loan that met client needs and was in line with lender requirements.
The Canadian investor bought the hotel as his first investment in America, a milestone in their expansion in the U.S.
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Hampton Inn Marysville has 83 rooms and offers complimentary hot breakfast. It also features a fitness center, an indoor pool with whirlpool and two meeting spaces. The property is located approximately 30 minutes from Downtown Columbus and John Glenn Columbus International Airport and close to several major corporations, including Scotts Miracle-Gro Company, Honda, EnvyPak, Marysville Ohio Surgical Center, Univenture, Honda Motor Company, Rural King, Donatos Pizzeria, and the Ohio National Guard training center.
PMZ Realty Capital LLC has a high reputation in the hospitality industry due to its creativity, integrity and advocacy for its clients. The industry experts, with more than 75 years of experience combined, are often contributors at industry conferences and publications. The firm takes on each assignment with passion and commitment to achieve the client’s goals.
