MIAMI—JLL’s Hotels & Hospitality Group announced that it has arranged $180 million in financing for the 294-key Miami Beach EDITION hotel in Miami Beach, Florida.
The Miami Beach EDITION pairs the style of a boutique hotel with the amenities of a resort. Redesigned in 2014, the resort offers traditional guestrooms and suites, including 28 private bungalows and a rooftop penthouse, and access to 380 linear feet of beachfront. Guests enjoy two outdoor pools with gardens, a fitness facility, a spa, and BASEMENT, an underground nightclub with a bowling alley and ice skating rink. The resort is also home to a private oceanfront beach club and offers three food and beverage outlets, Matador Room/Bar, Market at EDITION, and Tropicale and Lobby Bar.
The Miami Beach EDITION occupies a 3.5-acre site between Collins Ave. and the Atlantic Ocean. Miami Beach continues to be a leisure destination in the United States, hosting domestic and international travelers for events such as Art Deco Weekend, Ultra Music Festival, and the Art Basel.
The JLL Hotels & Hospitality team representing the borrower was led by Senior Managing Director Kevin Davis and Senior Vice President Barnett Wu.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotel and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 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 returns on their assets than any other real estate advisor in the world.
