Citi Provides $54.5 Million Refinance Loan For Hotel At 301 Australian Avenue In Palm Beach

The property asset involved in this transaction is a hotel located at 301 Australian Avenue in Palm Beach. The asset features a total square footage of 333,335 and comprises 80 keys. The loan amount secured for this property is $54,500,000 through refinancing.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $54,500,000
• Address: 301 Australian Avenue
• Market: Palm Beach
• Square Footage: 333,335
• Keys: 80
• Lender: Citi
• Loan Type: Refinance
• Brokers: AJ Bruno and Rael Gervis - Meridian Capital Group
• Lender Representatives: Joseph Dyckman and Jordan Korinis

The key individuals involved in the transaction include the brokers AJ Bruno and Rael Gervis from Meridian Capital Group, representing the deal. The lending representatives from Citi are Joseph Dyckman and Jordan Korinis, indicating their roles in facilitating the loan for the property.