JLL Arranges $600M Refinancing for The Diplomat Beach Resort in South Florida
JLL's Hotels & Hospitality group has arranged a $600 million refinancing for The Diplomat Beach Resort, a 1,000-room luxury hotel in Hollywood, Florida. The financing, secured through JP Morgan Chase & Co. and Citi, follows a $80 million renovation and rebranding to Signia by Hilton. The loan is a single-asset, single-borrower CMBS transaction.
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Topics: CMBS hotel_industry JLL real_estate refinancing Trinity Investments UBS