Joint Venture Of Jesta Group, Lotus Group And Chetrit Group Secures $103M Bridge Loan For Hotel

The asset involved in this transaction is the 289-key Hilton Miami Beach Convention Center Hotel, located at 2000 Park Avenue in the Miami Beach market. The hotel is set to open in May 2026 and will be situated next to the Miami Beach Convention Center, which has recently undergone a $640 million expansion, enhancing its appeal for event activity.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $103,000,000
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Elliott Aintabi - Jesta Group; Joseph Chetrit - Chetrit Group; Fuje Ara & Saira Marin - The Lotus Group
• Loan Type: Bridge
• Keys: 289
• Date: 03/11/2026

This transaction was facilitated through a joint venture involving The Jesta Group, The Lotus Group, and Chetrit Group. The $103 million bridge loan obtained from Peachtree Group aims to recapitalize and complete the hotel project, which is expected to significantly benefit from the adjacent convention center's expanded capabilities.