PMZ HOTEL SECURES $74M IN FINANCING

NASHVILLE, TENN.; HATTIESBURG, MISS.; AND KISSIMMEE, FLA. — PMZ Realty Capital's Hotel Finance Group has secured $74 million in first mortgage and mezzanine financing for Sun Development & Management Corp. for a five-hotel portfolio containing 635-units. The hotels were: Hilton Garden Inn in Ridgefield Park, N.J.; Embassy Suites in Palmdale, Calif.; Homewood Suites in Nashville; Candlewood Suites in Hattiesburg and Hampton Inn in Kissimmee. Financing was provide through the investment banking division of a large New York-based commercial bank.