PMZ Realty Capital Secures $83M Floating Rate Loan

Midtown Atlanta

ATLANTA—PMZ Realty Capital secured an $82.5 million floating rate loan against the Embassy Suites Atlanta at Centennial Olympic Park, a 321-suite hotel featuring over 16,000 square feet in meeting space. The deal marks the fourth loan PMZ has closed for Legacy Property Group.

“A floating rate loan worked well for this particular property because the hotel had just undergone a major $10 million renovation over the last year,” says Peter Berk, president, PMZ Realty Capital-Hotel Finance Group. “There was significant interest in the lending community for this loan due to its trophy quality and irreplaceable location adjacent to the Georgia World Congress Center and the Georgia Aquarium.”