NEW YORK—PMZ Realty Capital LLC has arranged a $12.75-million loan for the Hilton Garden Inn Atlanta NW/Kennesaw Town Center.
The 114-room and nine-suite property is located in Kennesaw, GA, one mile from the Town Center Mall and close to the fine dining and business parks in Atlanta. The hotel has complimentary WiFi, a 24-hour business center, complimentary fitness center, 3,300 sq. ft. of meeting space and a full-service restaurant.
“This loan allowed the borrower to refinance their existing CMBS loan that was coming due,” stated Peter Berk, president, PMZ Realty Capital. “The property is a top branded hotel that performs at the top of its competitive set with a RevPAR index above 100%, which helped us secure a loan at favorable terms and close in 35 days to meet the timing of the maturing loan.”