ATLANTA—PMZ Realty Capital LLC has secured a first mortgage refinance loan of $11.5 million for four boutique hotel properties in New Orleans, which are all on the National Historic Registry: the Inn on St. Peter, the Inn on St. Ann, the Inn on Ursuline and the Lamothe House.
The first mortgage, five-year loan was obtained for PMZ client, the KFK Group.
“We found PMZ to be a strong and able partner to help us quickly secure financing for our properties,” stated Elie Khoury, president, KFK Group. “Thanks to PMZ, we are able to move forward on growth plans that will further the success of our four hotels. This multi-unit deal is significant to revitalize and energize the properties and allow us to provide a valuable guest experience.”
Each of the historic properties has been meticulously restored with traditional finishes, including reclaimed heart-of-pine floors, white Carrera marble bathrooms, antique décor and local New Orleans artwork, according to the company.