JLL’s Hotels & Hospitality group arranged $575 million in financing for the Diplomat Beach Resort, a beachfront resort with 1,000 guest rooms in Hollywood, Florida. The borrower was a joint venture between real estate funds managed by Trinity Investments and funds managed by UBS Asset Management. They secured the five-year, floating-rate loan through mortgage lenders, Citi and Deutsche Bank. The interest-only loan also included mezzanine financing provided by Ohana Real Estate Investors and the Canadian Pension Plan Investment Board (CPPIB). In February 2023, JLL led the sale of the 1,000-room resort and represented the seller, Brookfield Properties, in the deal. 

Extensively renovated through a $90 million capital plan in 2018, the resort features 1,000 guest rooms and suites and over 200,000 square feet of meeting and events space. The property consists of a 36-story tower containing hotel rooms, a 15,000-square-foot spa, six restaurants and bars, multiple pools and cascading waterfalls. Additionally, the property is situated on 10 acres of Atlantic Ocean beachfront.  

The JLL Hotels & Hospitality team representing the borrower was led by Kevin Davis and Mike Huth.