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The Diplomat Beach Resort in Hollywood, Florida.
Brookfield will transfer outstanding CMBS debt to the JV with the deal.
A group of lenders, including Blackstone and Vici Properties, are providing the financing. 
The hotel management company closed the deal in the last days of 2022.
Conceptual of travel and vacation.
The financing demonstrates a belief in the return of business travel as the US emerges from the covid-19 pandemic.  
Austin Texas
The Austin manager focuses on first mortgages, B-notes, mezzanine and preferred equity in the $2m to $40m range.
Austin Texas
The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.
The mixed-use development includes C-PACE and pref equity components to complete the capital stack.
The lender group originated the loan on behalf a partnership between Blackstone and Starwood Capital.
The deal signifies continued resilience in the hospitality sector, according to co-founder Elliot Eichner.
The future of conference and event centers lies uncertain despite broader pandemic recovery tailwinds.
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