Franklin BSP Realty Trust, Inc Acquires Hotel In Miami For $235M

The Hotel located at 398 NE 5th Street in Miami has been involved in a closed transaction. The property, consisting of 646 keys, was part of a deal handled by Franklin BSP Realty Trust, Inc - Michael Comparato; RMWC as the lender and Property Markets Group as the landlord. The loan amount for this transaction was $235,000,000.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $235,000,000
• Address: 398 NE 5th Street, Miami
• Market: Miami
• Asset Type: Hotel
• Keys: 646
• Lender: Franklin BSP Realty Trust, Inc - Michael Comparato; RMWC
• Landlord: Property Markets Group

Michael Comparato, representing Franklin BSP Realty Trust, Inc, and RMWC played a crucial role as the lender in this transaction. On the other hand, Property Markets Group acted as the landlord. The successful deal resulted in a loan amount of $235,000,000 for the Hotel property located at 398 NE 5th Street in Miami.