PMZ Realty Capital LLC has secured a $5.3 million loan for the Hampton Inn Marysville, located in Marysville, OH. The loan was placed through a debt fund and features interest-only payments for the full five-year term.
The loan proceeds provided capital for the new ownership to acquire the property and to implement a change-of-ownership property improvement plan (PIP), further enhancing the guest experience and maintaining the property’s compliance with current brand standards.
“We are proud to have successfully arranged financing for our client’s first U.S. hotel acquisition,” said Peter Berk, president, PMZ Realty Capital LLC – Hotel Finance Group. “Navigating cross-border financing can be complex, but we worked closely with all parties to structure a loan that met the client’s needs and aligned with lender requirements.”
The buyer, a Canadian hotel investor, completed the acquisition as its first hotel investment in the U.S., marking a significant milestone in their expansion into the U.S. market.
The 83-room hotel features complimentary hot breakfast, a fitness center, indoor pool with whirlpool, and two meeting rooms. The property is located approximately 35 miles from downtown Columbus and John Glenn Columbus International Airport and close to several major corporations, including Scotts Miracle-Gro Company, Honda, EnvyPak, Marysville Ohio Surgical Center, Univenture, Honda Motor Company, Rural King, Donatos Pizzeria and the Ohio National Guard training center.
