JLL’s Hotels & Hospitality group has arranged $600 million in financing for The Diplomat Beach Resort, a beachfront resort with 1,000 guest rooms in Hollywood, Fla.
JLL worked on behalf of the borrower, a joint venture between real estate funds managed by Trinity Investments and funds managed by UBS Asset Management’s Global Real Assets business, to secure the floating-rate loan through JP Morgan Chase & Co. and Citi. The interest-only loan was structured as a single-asset, single-borrower CMBS transaction.
JLL was also involved in the 2023 sale of the resort to Trinity and funds advised by Credit Suisse Asset Management (since acquired by UBS), which represented the third largest single-asset hotel sale ever in the United States at the time, and led the previous financing in 2024. The refinancing follows a comprehensive $80 million renovation program completed jointly by the ownership group and Hilton to convert the property to the Signia by Hilton brand a
