JLL arranges $600M refinancing for The Diplomat Beach Resort
JLL arranges $600M refinancing for The Diplomat Beach Resort |
| [06-May-2026] |
Trinity Investments and UBS Asset Management complete refinancing of premier, 1,000-key South Florida resort property MIAMI, May 6, 2026 /PRNewswire/ -- 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. The interest-only loan was structured as a single-asset, single-borrower CMBS transaction. JLL was also involved in the 2023 sale of the resort to Trinity and funds advised by Credit Suisse Asset Management (since acquired by UBS), which represented the third largest single-asset hotel sale ever in the U.S. at the time, and led the previous financing in 2024. The refinancing follows a comprehensive $80 million renovation program completed jointly by the ownership group and Hilton to convert the property to the Signia by Hilton brand and elevate the guest experience. The Diplomat Beach Resort features 1,000 guest rooms and suites and more than 200,000 square feet of integrated meeting and events space. The property consists of a twin-spired, 36-story tower containing the hotel rooms, a 15,000-square-foot spa, six restaurants and bars plus multiple pools and cascading waterfalls. Additionally, the property is situated on 10 acres of Atlantic Ocean beachfront offering kayaking, paddleboarding and jet ski rentals. The Diplomat Beach Resort is ideally located between the two most significant airports in South Florida, Fort Lauderdale/Hollywood International Airport (10 minutes) and Miami International Airport (30 minutes), affording the resort unparalleled access to guests from major markets throughout the U.S., Latin America and Europe. The JLL Hotels & Hospitality team representing the borrower was led by Americas CEO Kevin Davis, Managing Director Mike Huth, Vice President Wyatt Krapf and Analysts Jade Lewin and Malia Buljat. "This refinancing reflects the strength of the debt capital markets for premier hospitality assets in high-performing lodging markets," Davis said. "We are seeing continued lender appetite for hotel investments, especially for properties that demonstrate quality, strategic positioning and solid fundamentals. The Diplomat checks all those boxes, and we were able to secure financing that recognizes the value Trinity and UBS have created through their renovation program and operational excellence." JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. For more news, videos and research resources, please visit JLL's newsroom. About JLL About Trinity Investments About UBS Contact: Grace Lewis, JLL PR
SOURCE JLL | ||
Company Codes: NYSE:JLL |
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