Dustin DeNunzio's The DeNunzio Group Secures $60.25M Loan For The Ballad Hotel In Clearwater

The Ballad Hotel is a 158-key Tapestry Collection by Hilton property located at 320 Cleveland Street & 50 North Osceola Avenue in Clearwater, Florida. The asset is a 10-story hotel that will offer full-service amenities and ground-level retail, integrating with the Bluffs mixed-use development near Coachman Park.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $60,250,000
• Lender: Allyson Van Blarcum - HALL Structured Finance
• Landlord: Dustin DeNunzio - The DeNunzio Group LLC
• Brokers: Clint Frease & Tyler Dumon - Newmark
• Loan Type: Construction

This transaction highlights the collaboration between key figures in the real estate and finance sectors, with Allyson Van Blarcum representing the lender HALL Structured Finance. Dustin DeNunzio, the landlord, is part of The DeNunzio Group LLC, while the brokerage services were provided by Clint Frease and Tyler Dumon from Newmark, who facilitated the construction loan for this development.