Sale of Waterstone Resort & Marina Boca Raton, Curio Collection by Hilton closed
JLL Hotels & Hospitality closed the sale and secured acquisition financing for the 139-key waterfront resort
MIAMI, December 15, 2021 – JLL’s Hotels & Hospitality Group announced today that it completed the sale and arranged acquisition financing for the 139-key Waterstone Resort & Marina Boca Raton, Curio Collection by Hilton in Boca Raton, Florida.
JLL represented the seller, The Lane Organization, to complete the sale to Newbond Holdings. JLL also worked on behalf of the buyer to originate the floating-rate acquisition financing.
Waterstone Resort & Marina Boca Raton features a mix of traditional guest rooms and suites. Hotel amenities include 8,000 square feet of total event space, fitness center, outdoor pool, business center, and beach access. Additionally, the resort offers two onsite dining options including, the newly opened Seaspray Inlet Grill and Boca Landing Prime Seafood.
Situated on the intercoastal waterway, at 999 East Camino Real, Waterstone Resort & Marina Boca Raton is 300 yards from the beach. The resort is 4.5 miles east of Interstate 9 offering access to nearby entertainment centers, including American Dive Center, Boca Museum of Art, Centre of the Arts at Mizner Park, BB&T Center, Butterfly Work, and City Center. In addition, the hotel is 25 miles from the Fort Lauderdale Airport and Palm Beach International Airport and 47 miles from the Miami International Airport.
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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About JLL
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 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Newbond Holdings, LLC
Newbond Holdings is an investment and operating platform focused on hotel, residential and mixed-use debt and equity positions as well as investments in operating businesses and technology companies within the hospitality industry. As a vertically integrated operating platform, Newbond creates significant value beyond the typical investment process through creative structuring, operations, and the development of single and multiple asset brands.
About The Lane Organization, LLC
Focusing on lifestyle hotels, The Lane Organization enters into cities to create assets that become beacons of their neighborhood and assimilate to their locations while standing out amongst the competition. Our belief in making great architecture partnered seamlessly with interior design, guides our practice and we are proud to have delivered exceptional projects and excellent returns since our inception. For further information, visit thelaneorganization.com.