JLL secures financing for Miami's 1 Hotel South Beach

JLL, on behalf of a joint venture between Starwood Capital Group, LeFrak and Invesco Real Estate, secured $250 million in financing for the 1 Hotel South Beach. Managing directors Dustin Stolly and Gregory Rumpel, and SVPs Mike Huth and Brett Rosenberg led the JLL team on the transaction. The hotel completed a renovation in March.

"Miami is one of the top performing lodging markets in the country right now," Rumpel said. "Given its strong fundamentals and numerous demand drivers, many investors and lenders are seeking presence in the market.”

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The 426-room hotel has four elevated swimming pools; a spa and fitness center; private beach access;  the Beachcraft Restaurant; and an STK Steakhouse. The property s also LEED certified.

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