Four Seasons Resort Palm Beach, East Miami hotel score refi totaling $546M
Fort Partners and Blackstone Real Estate separately landed nine-figure refinancing mortgages for hotels in Palm Beach and Brickell totaling $546 million. Blackstone Real Estate, led by Nadeem Meghji, secured $205 million from JPMorganChase for the East Miami hotel at 788 Brickell Plaza, in Brickell City Centre. The New York-based real estate investment giant bought the 352-key last year from Trinity Investments and Certares Real Estate Management for $300 million — marking one of the largest hotel deals in South Florida’s tri-county area. The 536,000-square-foot hotel rises 40 stories and includes 89 serviced apartments, a 20,000-square-foot pool deck, South American eatery […]This article originally appeared on The Real Deal. Click here to read the full story.
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