Search
 

Hilton Portfolio Gets a Refi

NEW YORK CITY—The group of four properties—spread out around the country—received a loan to repay the first mortgage and mezz debt, as well as fund upcoming improvements.

Palmdale embassy suites The Embassy Suites property in Palmdale, CA, one of four hotels in the portfolio, features 150 rooms.

NEW YORK CITY—PMZ Realty Capital has closed a $71 million loan to refinance a four property Hilton portfolio. The real estate investment banking firm declined to reveal the identity of the borrower.

The group of hotels includes the 140-room Hilton Garden Inn Ridgefield Park in Ridgefield Park, NJ; a 125-room Hampton Inn & Suites, Kissimmee, FL; a 150-room Embassy Suites, Palmdale, CA; and a 192-suite Homewood Suites by Hilton in Nashville.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

More from this author

Recommended Stories

How Goodwin Became a Household Name in Startup Community

How Goodwin Became a Household Name in Startup Community

Xiumei Dong |

“We are looking to grow our footprint at this point,” said partner Lynda Galligan, who has led the firm’s California growth. “We have everything covered, it's just a matter of growth.”

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.