NEW YORK—PMZ Realty Capital LLC introduced it has organized a $14.5 million mortgage for the Vacation Inn Categorical & Suites Halton Metropolis – Fort Price. The borrower will use the proceeds to refinance a high-interest-rate building mortgage, securing extra favorable financing phrases by way of a personal capital supplier.
“This transaction demonstrates our potential to safe aggressive financing options for well-located inns even with no working historical past on condition that this resort opened within the 4th quarter of 2024,” mentioned Peter Berk, president, PMZ Realty Capital LLC—Lodge Finance Group. “The Vacation Inn Categorical & Suites Haltom Metropolis-Fort Price has robust demand drivers and sponsorship making it funding for lenders regardless of the dearth of working historical past.”
The 125-room Vacation Inn Categorical & Suites, which opened in October 2024, contains breakfast, a 24-hour enterprise middle, a 24-hour health middle, an out of doors pool, and three,000 sq. toes of indoor and out of doors assembly house.
The Vacation Inn Categorical & Suites Halton Metropolis – Fort Price is inside minutes of the Dallas-Fort Price metroplex, providing entry to enterprise and leisure locations. The resort is close to a number of company places of work, together with Coca-Cola, Amazon, Tyson, and Bell Textron, in addition to Dallas Fort Price Worldwide Airport and Fort Price Meacham Airport. Company can entry points of interest such because the Historic Fort Price Stockyards, Texas Motor Speedway, AT&T Stadium, and Six Flags Over Texas.