Full-Service Hotel
$474MM
CMBS Multi-tranche
Workout
Miami, FL
A 334-key luxury hotel, including for-sale residences, retail and a parking garage. The property is situated along 600ft of beachfront. The property underwent an extensive +$100mm interior and exterior renovation and was redeveloped into a luxury hotel, condominium and retail property. Capital stack comprised of three tranches of debt, including CMBS, and equity.