JLL’s Hotels & Hospitality group has arranged $575 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 Real Estate & Private Markets Multi-Managers business, to secure the five-year, floating-rate loan through mortgage lenders Citi and Deutsche Bank. The interest-only loan also included mezzanine financing provided by Ohana Real Estate Investors and Canadian Pension Plan Investment Board (CPPIB).
JLL was also involved in the 2023
