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JLL Arranges $600M Refinancing for The Diplomat Beach Resort
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JLL Arranges $600M Refinancing for The Diplomat Beach Resort
JLL’s Hotels & Hospitality Group announced today that it has arranged $600 million in financing for The Diplomat Beach Resort, a beachfront resort with 1,000 guest rooms in Hollywood, Florida. 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.…
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