Sean Hehir Of Trinity Investments And Sergio Ermotti Of UBS Refinances Hotel In Hollywood For $600M

The property asset involved is the 1,000-room Diplomat Beach Resort located at 3555 South Ocean Drive in Hollywood. It spans 12 acres and is situated within a significant hospitality market. The refinancing transaction amounts to $600 million, which is a notable increase in outstanding debt of $148 million, extending the maturity to 2031.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $600,000,000
• Address: 3555 South Ocean Drive
• Market: Hollywood
• Keys: 1,000
• Acres: 12
• Lender: J.P. Morgan Chase & Citi Real Estate Funding
• Landlord: Sean Hehir - Trinity Investments; Sergio Ermotti - UBS
• Loan Type: Refinance

Key individuals in this transaction include Sean Hehir, representing Trinity Investments, and Sergio Ermotti, representing UBS. Their involvement reflects ongoing confidence in large-scale South Florida hospitality assets, particularly in light of recent acquisition activity and adjacent development plans around the resort.