The Diplomat Beach Resort has secured a substantial $575 million loan from prominent real estate investors and the Canadian Pension Plan Investment Board (CPPIB).
Real EstateHotel IndustryTourismInvestmentBeach ResortReal EstateJun 17, 2024
The Diplomat Beach Resort secured $575 million in loans.
The loan was provided by a consortium of prominent real estate investors and the Canadian Pension Plan Investment Board (CPPIB).
The loan will be used to fund the renovation of the Diplomat Beach Resort, including the refurbishment of all guest rooms, the expansion of its meeting and event spaces, and the enhancement of its amenities and services.
Kevin Davis is the CEO of JLL Americas.
The renovation of the Diplomat Beach Resort is expected to further boost the local economy in Hollywood, Florida.
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