JLL’s Hotels & Hospitality group announced that it has arranged USD 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 US at the time, and led the previous financing in 2024. The refinancing follows a comprehensive USD 80 million renovation programme 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-storey 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 US, 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.