MetLife Investment Management Issues $185M Loan For Marriott Harbor Beach In Fort Lauderdale

The Marriott Harbor Beach resort, located at 3030 Holiday Drive in Fort Lauderdale, Florida, has undergone a $185 million refinancing. The loan, issued by MetLife Investment Management, will be in the form of a five-year floating-rate loan. The resort, owned by the Lauderdale Beach Association, features 650 rooms and spans across 16.4 acres. The funds from the loan will be used to support various capital improvements, including guest room renovations and exterior upgrades.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $185,000,000
• Asset Type: Hotel
• Keys: 650
• Acres: 16.4
• Lender: MetLife Investment Management - John D. McCallion
• Landlord: Lauderdale Beach Association
• Loan Type: Refinance
• Loan Terms: five-year floating-rate

This refinancing deal was made possible through the collaboration between MetLife Investment Management and John D. McCallion, who represents the lender. They have provided the necessary funding to support the capital improvements of the Marriott Harbor Beach resort. The resort, popular among tourists and locals alike, is primed to be enhanced and upgraded to offer an even better guest experience.