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Florida & Gulf Coast  + Florida  + Hospitality  |  November 12, 2019
David Cohen
By: David Cohen

NKF Secures $1.2B Refinancing for Miami’s Fontainebleau Hotel

NKF arranged a $1.17-billion fixed-rate loan to refinance the Fontainebleau Miami Beach in Miami.

The Fontainebleau is an iconic 1,594-room, AAA Four Diamond beachfront luxury hotel and resort designed by Morris Lapidus. The property is located on over 15 acres of oceanfront in Miami, and features 11 pools, a 40,000-square-foot spa and 12 food & beverage venues, including LIV night club. The Fontainebleau is comprised of four towers, the curved Chateau Tower, the Versailles Tower, the Sorrento Tower and the Tresor Tower.

Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Brett Wilburn and John Gallagher of NKF secured the financing on behalf of borrower Fontainebleau Development. The loan was provided by Goldman Sachs, Morgan Stanley and JP Morgan.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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