Franklin BSP Realty Trust, Inc Acquires Hotel In Miami For $235M
398 Northeast 5th Street
Hotel
Summary
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.
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398 Northeast 5th Street
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