PMZ Realty Capital Arranges Financing Beachview Club Hotel
NEW YORK–PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it secured a $30M in debt and equity for the Beachview Club Hotel, a Tapestry Collection by Hilton property located in Jekyll Island, Georgia. The proceeds will be used to recapitalize and expand the current footprint.
The 42-room hotel was initially purchased by the sponsor in 2017 when it was renovated into an upscale independent boutique hotel. Plans and permits have been approved by the Jekyll Island Authority to construct an additional 42-rooms on the property.
“Rising interest rates, inflation, and general economic uncertainty today can make securing a construction loan extremely challenging,” said Michael H. Sonnabend, Managing Member, PMZ Realty Capital. “Having completed over $200M of transactions with the sponsor and approximately $85M with the equity investor, PMZ was able to leverage our relationships with debt funds to secure a new construction loan with favorable terms.”
The Beachview Club Hotel offers guests a private and idyllic beachfront hideaway along the shores of Jekyll Island. The property is steps away from the ocean and a 9-minute walk from Great Dunes and features an outdoor swimming pool, a shared lounge and garden, a sun terrace, and complimentary Wi-Fi. Guests will be able to enjoy activities around the island, including gorgeous beaches, golf, fishing, hiking, and cycling.
PMZ Realty Capital LLC is highly regarded within the hospitality industry for its integrity, creativity, and advocacy on behalf of its clients. With over 75 years of combined experience, they are the industry experts and, as such, are frequent contributors to industry publications and conferences. The firm approaches each assignment with passion, commitment, and dedication to achieving the client’s objectives.