Walker & Dunlop has structured a $164-million financing decision with The Goodtime Hotel, an iconic 266-key boutique hotel in Miami Beach. 

The financing team, who arranged a three-year, interest-only bridge loan with two one-year extension options on behalf of Dreamscape, composed of Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt, and Sean Bastian.

The Goodtime Hotel opened in April 2021 and includes a pool, restaurant, and a club featuring curated DJ performances and live music. The hotel featured high volume bookings throughout the summer this year, and emphasizes design, generous common spaces, and superior dining options to serve the growing demand for experiential hospitality. 

Dreamscape’s Eric Birnbaum stated, “We were thrilled with this seamless execution by Walker & Dunlop’s New York City Capital Markets group. Their team worked tirelessly to provide the best financing for our needs, setting this project up for success over the next several years.”