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.”

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HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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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