Stephen Ross Of Related Ross Secures $172.5M Loan For Hotel Acquisition In West Palm Beach

The property asset involved in the transaction is a hotel located at 251 North Narcissus Avenue in West Palm Beach, FL, consisting of 208 keys. The loan amount for the acquisition of this asset is $172,500,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $172,500,000
• Lender: Larry Kravetz - Nomura & Larry Fink - Blackrock
• Landlord: Stephen Ross - Related Ross
• Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Tyler Dumon, John Caraviello & Tate Keir - Newmark
• Loan Type: Acquisition
• Date: 2/25/2026

The individuals and companies involved in this transaction include Stephen Ross, who serves as the landlord. The lenders are represented by Larry Kravetz from Nomura and Larry Fink from Blackrock. Furthermore, the landlord's representation in this deal is provided by a team from Newmark consisting of Jordan Roeschlaub, Nick Scribani, Tyler Dumon, John Caraviello, and Tate Keir.