November 12, 2019
NKF arranged a $1.17-billion fixed-rate loan to refinance the Fontainebleau Miami Beach in Miami.
The Fontainebleau is an iconic 1,594-room, AAA Four Diamond beachfront luxury hotel and resort designed by Morris Lapidus. The property is located on over 15 acres of oceanfront in Miami, and features 11 pools, a 40,000-square-foot spa and 12 food & beverage venues, including LIV night club. The Fontainebleau is comprised of four towers, the curved Chateau Tower, the Versailles Tower, the Sorrento Tower and the Tresor Tower.
Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Brett Wilburn and John Gallagher of NKF secured the financing on behalf of borrower Fontainebleau Development. The loan was provided by Goldman Sachs, Morgan Stanley and JP Morgan.
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Tags: Financing, Hospitality
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