Dealmaker: Newmark Arranges $172.5M in Acquisition Financing for Florida Hotel

(Image courtesy of Newmark)

Newmark, New York, arranged $172.5 million in acquisition financing on behalf of Related Ross for a luxury lifestyle hotel in West Palm Beach, Fla.

The transaction was led by Co-President, Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Directors John Caraviello and Tyler Dumon and Associate Tate Keir.

The financing was provided by Nomura, New York.

The property–The Ben, Autograph Collection–features 208 units and was completed in 2020. It is the only waterfront hotel in West Palm Beach.