NEW YORK—National boutique real estate investment-banking firm PMZ Realty Capital LLC closed multiple deals in 2020 despite the COVID-19 pandemic and has a positive outlook for deal flow in 2021.
“While the course of this year changed dramatically with the virus, PMZ was able to help our clients maneuver through the challenges and find favorable executions based on our experience with closing hundreds of deals over the years and our strong relationships with major capital providers who operate in the hospitality industry,” said Michael Sonnabend, managing member, PMZ Realty Capital. “Our clients understand and appreciate we are able to put together capital structures tailored to their special deal and situation.”
Some recent deals include:
- Rescue capital for three select-serve assets in the Western U.S.
- Rescue capital for full-service Hilton asset in the Southeast
- Bank-funded 70% LTC acquisition loan in Texas
“With the vaccine and pent-up demand, we are bullish about the overall industry in 2021,” said Peter Berk, president, PMZ – hotel finance group. “Capital partners have funds are looking for creative deals, and PMZ remains optimistic about the return of our industry fundamentals in 2021.”