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First Abu Dhabi Bank & National Bank Of Kuwait Provide $180M Loan For Miami Beach EDITION Hotel With Abu Dhabi Investment Authority As Landlord

2901 Collins Avenue - MiamiBeachEDITION
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This Hotel property located in FL received a loan of $180,000,000 over 2 years ago. The brokers of the deal were Barnett Wu and Kevin Davis

A hotel located at 2901 Collins Ave in Miami Beach, known as the Miami Beach EDITION, has been involved in a recent loan transaction. The property covers an area of 3.5 acres and consists of 294 keys. The deal was closed on November 15, 2021, with an undisclosed buyer and seller.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $180,000,000
  • Address: 2901 Collins Ave, Miami Beach
  • Market: Miami Beach
  • Keys: 294
  • Acres: 3.5

The loan for this transaction was provided by First Abu Dhabi Bank and the National Bank of Kuwait. The Abu Dhabi Investment Authority, represented by Hamed bin Zayed Al Nahyan, served as the landlord. The deal was facilitated by Kevin Davis and Barnett Wu from JLL’s Hotels & Hospitality Group.

Kevin Davis and Barnett Wu, representing JLL’s Hotels & Hospitality Group, played a key role as brokers in the transaction, assisting with the negotiation and closing process. Their expertise in the hospitality industry contributed to the successful completion of the deal.

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Deals
  • Location
    The Miami Beach EDITION, 2901 Collins Avenue, Miami Beach, FL 33140, USAThe Miami Beach EDITION, 2901 Collins Avenue, Miami Beach, FL 33140, USA
  • Loan Value
    $180,000,000$180,000,000
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Barnett Wu

Barnett Wu

Deals4
Financed$599M

Kevin Davis

Kevin Davis

Deals8
Financed$684.6M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Kevin Davis, Hamed bin Zayed Al Nahyan & Barnett Wu DATE: 11/15/2021 ADDRESS: 2901 Collins Ave - @MiamiBeachEDITION MARKET: Miami Beach ASSET TYPE: Hotel ~ KEYS: 294 ~ ACRES: 3.5 LENDER: First Abu Dhabi Bank & National Bank of Kuwait LANDLORD: The Abu Dhabi Investment Authority - Hamed bin Zayed Al Nahyan BROKERS: Kevin Davis & Barnett Wu - JLL’s Hotels & Hospitality Group LOAN AMOUNT: $180,000,000

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