First Abu Dhabi Bank & National Bank Of Kuwait Provide $180M Loan For Miami Beach EDITION Hotel With Abu Dhabi Investment Authority As Landlord

A hotel located at 2901 Collins Ave in Miami Beach, known as the Miami Beach EDITION, has been involved in a recent loan transaction. The property covers an area of 3.5 acres and consists of 294 keys. The deal was closed on November 15, 2021, with an undisclosed buyer and seller.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $180,000,000
• Address: 2901 Collins Ave, Miami Beach
• Market: Miami Beach
• Keys: 294
• Acres: 3.5

The loan for this transaction was provided by First Abu Dhabi Bank and the National Bank of Kuwait. The Abu Dhabi Investment Authority, represented by Hamed bin Zayed Al Nahyan, served as the landlord. The deal was facilitated by Kevin Davis and Barnett Wu from JLL’s Hotels & Hospitality Group.

Kevin Davis and Barnett Wu, representing JLL’s Hotels & Hospitality Group, played a key role as brokers in the transaction, assisting with the negotiation and closing process. Their expertise in the hospitality industry contributed to the successful completion of the deal.