JLL’s Hotels & Hospitality division successfully arranged a $575 million financing deal for the Diplomat Beach Resort, a luxurious beachfront property in Hollywood, Florida. The borrower, a joint venture between Trinity Investments and UBS Asset Management real estate funds, secured the five-year loan through mortgage lenders Citi and Deutsche Bank. Ohana Real Estate Investors and the Canadian Pension Plan Investment Board (CPPIB) also provided mezzanine financing as part of this transaction.
In February 2023, JLL led the sale of this impressive resort on behalf of seller Brookfield Properties. The renovated property boasts 1,000 guest rooms and suites along with over 200,000 square feet of meeting space for events. Its amenities include six restaurants and bars, multiple pools with cascading waterfalls,and a lavish spa spanning 15,o00 square feet – all situated on ten acres of pristine Atlantic Ocean beachfront.
The borrower was represented by JLL’s expert Hotels & Hospitality team led by Kevin Davisand Mike Huth.The post detailing this successful refinancing deal at Diplomat Beach Resort is available exclusively on Connect CRE.
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