NEW YORK, NY – New York-based boutique real estate investment banking firm, PMZ Realty Capital LLC has arranged $70 million in joint-venture equity and debt financing to recapitalize two hospitality properties of Rio Partners.
Rio Partners utilized the proceeds from the two separate recapitalization transactions to upgrade the properties and pay off existing debt.
The two properties include the 150-room Holiday Inn Express Charleston Downtown – Medical Center in Charleston, SC and The Partridge Inn Augusta, Curio Collection by Hilton in Augusta, GA, which features 153 rooms.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
