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SW Florida JW Marriott Trades for $835M
JLL’s Hotels & Hospitality Group arranged the $835 million sale and $690 million financing for the JW Marriott Marco Island Beach Resort, an 809-room luxury beachfront property in Southwest Florida.
JLL represented the seller, Barings, in the transaction. A joint venture between Sculptor Real Estate and Trinity Investments acquired the asset. JLL also worked on behalf of the borrowers to secure a five-year, floating-rate loan through Wells Fargo and JPMorgan Chase & Co., which is securitized in a stand-alone CMBS offering.
The property includes more than 140,000 square feet of meeting and event space. Amenities include 12 restaurants and dining venues, two championship 18-hole golf courses spanning more than 400 acres, a 24,000-square-foot spa, five outdoor swimming pools, four tennis courts, fitness and business centers and an entertainment venue.
The JLL’s Hotels and Hospitality team was led by Kevin Davis, Daniel C. Peek, Andrew Dickey, Mike Huth, Maciej Polek, Wyatt Krapf, Jesse Pohl and Jade Lewin.
