The Hilton West Palm Beach is a hotel asset located at 600 Okeechobee Boulevard in the West Palm Beach market. The property consists of 400 keys and was developed by Related Companies in 2016. Recently, the property underwent a $25 million renovation and is connected to the Palm Beach County Convention Center.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $150,000,000
• Lender: Byron Trott & Gregg Lemkau - BDT & MSD Partners
• Landlord: Stephen Ross - Related Ross
• Loan Type: Refinance
• Loan Terms: floating-rate
• Previous Loan Amount: $105,000,000
• Year of Previous Loan: 2018
• Renovation Amount: $25,000,000

Byron Trott and Gregg Lemkau from BDT & MSD Partners facilitated the refinance of the Hilton West Palm Beach loan. Stephen Ross, representing Related Ross, executed this transaction to replace an existing loan from 2018, enhancing the financial structure of the property.