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JLL's Hotels & Hospitality group arranges $575m JV financing for The Diplomat Beach Resort
Transactions - JUNE 17, 2024

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JLL’s Hotels & Hospitality group arranges $575m JV financing for The Diplomat Beach Resort

by RELEASED

JLL's Hotels & Hospitality group announced that it has arranged $575 million in financing for the Diplomat Beach Resort, an award-winning 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).

The Diplomat Beach Resort is currently managed by Hilton Hotels and Resorts under the Curio Collection by Hilton brand. Extensively renovated and repositioned through a comprehensive $90 million capital plan in 2018, the Diplomat Beach Resort is a world-class beachfront meeting and events–focused resort. The resort featur

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