Boutique real estate investment banking firm PMZ Realty Capital has closed a $6.5 million permanent loan for the SpringHill Suites by Marriott Jacksonville Airport.
The 104-room property offers all-suite accommodations with separate living and sleeping areas and is designed to serve a mix of airport, transient and government-related demand. The financing was provided by a German bank and represents the firm’s seventh transaction with the same sponsorship group.
“The successful closing of this transaction underscores both the strength of the sponsorship and our ability to deliver tailored financing solutions in today’s evolving capital markets,” Peter Berk, president of New York-based PMZ Realty Capital, said in a statement. “We are proud to continue building on our long-standing relationship with this client and to secure a structure that supports the long-term performance of this high-quality asset.”
The Florida hotel’s amenities include a 24-hour business center, complimentary hot breakfast, Wi-Fi, a Precor fitness center, outdoor pool and a 24-hour market. Guestrooms are equipped with high-definition televisions, microwaves, mini refrigerators, and ergonomic workspaces.
Located near Jacksonville International Airport with direct access to Interstate 95, the hotel is close to key demand drivers, including regional transportation corridors, Department of Defense-related travel and area attractions such as the Jacksonville Zoo.