PMZ Realty Arranges $20M Mortgage For The Glenn Hotel
Thursday January 30th, 2014 - 12:40PM W
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ATLANTA—PMZ Realty Capital LLC has arranged a $20 million mortgage for The Glenn Hotel here.
The 110-room property, which is part of Marriott's Autograph Collection, is owned by the Legacy Property Group. It is located in downtown Atlanta's Luckie Marietta District.
"Based on our extensive relationship in the financial community, we were able to obtain multiple bids to ensure the Legacy Property Group received great market execution," stated Peter Berk, PMZ Realty Capital-Hotel Finance Group.
Tags: The Glenn Hotel • mortgage • Hospitality •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.