Four Seasons Miami lands $105M in acquisition financing
JLL Hotels & Hospitality arranged the financing for the hotel part of a larger 70-story, mixed-use tower in the heart of the Brickell Business District
MIAMI, July 20, 2021 – JLL Hotels & Hospitality announced today it arranged a $105 million acquisition financing for the 221-key Four Seasons Resort and Residences located in the heart of the Brickell Business District of Miami, Florida.
JLL represented Fort Hospitality Group to secure the floating-rate loan through the lender.
With sweeping views of Downtown Miami on Biscayne Bay, the Four Season Miami hotel is part of a greater 70-story mixed-use skyscraper. The hotel occupies Floors 6, 7 and 20-29, with amenities including two full-service restaurants on Floor 7, 14,900 square feet of ballroom and meeting space, a two-acre pool deck with three pools and cabanas and offers access to larger building amenities, including the health club and spa.
Located at 1435 Brickell Ave., the hotel is located in the prominent and bustling Brickell Business District, Miami’s leading financial center, which is just steps away from various leisure and key economic drivers, including 9.2 million square feet of Class A office space and direct access to Downtown Miami, Port Miami and the Miami International Airport.
The JLL Hotels & Hospitality team representing the seller was led by Managing Directors Jim Dockerty and Mark Fisher and Senior Managing Director Kevin Davis.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Fort Hospitality Group
Founded in 2018, Fort Hospitality Group LLC (“Fort”) is a privately held real estate firm led by entrepreneur Nadim Ashi. Mr. Ashi’s core vision for the Fort Hospitality brand is one of permanence and solidity, understated elegance, sophisticated design and impeccable service. Through careful collaborations and thoughtful partnerships, Fort creates long term relationships with other like-minded companies, whose visions align with Fort. Fort offers the highest standards of quality and service, along with acclaimed international design talent to a market that is receptive and hungry for world-class real estate and hospitality. Currently, Fort owns the Four Seasons Palm Beach, Four Seasons Ft. Lauderdale and the Four Seasons Hotel at The Surf Club.