JLL arranges $835 Million sale and $690 Million financing of JW Marriott Marco Island Beach Resort
United States, May 4 -- JLL's Hotels & Hospitality Group announced that it has arranged the $835 million sale and $690 million financing for the JW Marriott Marco Island Beach Resort, an 809-room luxury beachfront property in Southwest Florida.JLL represented the seller, Barings, in the transaction. A joint venture between Sculptor Real Estate and Trinity Investments acquired the asset. JLL also worked on behalf of the borrowers to secure a five-year, floating-rate loan through Wells Fargo and JPMorgan Chase & Co., which is securitized in a stand-alone CMBS offering.The resort sits on 26.7 acres with a quarter mile of resort-controlled beachfront along three miles of private beaches on Florida's Gulf Coast, 15 miles south of Naples. The pro...
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