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Florida & Gulf Coast  + South Florida  + Hospitality  |  March 2, 2026
The Ben
Mike Boyd
By: Mike Boyd

Related Ross Adds to S. Florida Portfolio

Related Ross purchased The Ben, a 208-room waterfront hotel located on the waterfront in downtown West Palm Beach. Newmark arranged a $172.5 million acquisition loan on behalf of Related Ross.

Related Ross acquired the property from Wheelock Street Capital. Wheelock originally acquired The Ben in 2021 for $106.4 million. Robert J. Webster, Ron Danko, and Timothy Southard from CBRE facilitated the sale.

Opened in 2020, The Ben is within walking distance of CityPlace and the surrounding downtown district,

Located at 251 N. Narcissus Ave., the Marriott-branded hotel opened in February 2020 and overlooks the Palm Harbor Marina and Intracoastal Waterway. The property includes a full-service restaurant, 7,800 square feet of event space, a rooftop ballroom and a rooftop pool, and is part of the Banyan Square mixed-use project.

Related Ross recently closed a $157 million construction loan for Shorecrest, a 98-unit waterfront condominium project in West Palm Beach.The company is also in negotiations with the county government to build a second hotel alongside the Palm Beach County Convention Center.

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Related Ross

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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