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| Jorge M. Perez |
MIAMI, FL – HFF announced today that it has secured a $157
million construction financing for the SLS Brickell Hotel and Residences,
a 51-story mixed-use hotel and condominium tower in downtown Miami.
HFF
worked exclusively on behalf of the developers, a joint venture between Related
Group and sbe Hotel Group (sbe) to secure the $157 million loan through Canyon
Capital Realty Advisors.
SLS
Brickell Hotel and Residences is situated on a 1.3-acre site at 1300 South
Miami.
Due for completion in 2016, the property will contain 453
SLS-branded condominium residences and 124 SLS hotel keys in addition to three
luxury restaurants.
World-renowned creator and architect Phillipe Starck
is designing the hotel’s interiors, which will feature a gym, spa, pool deck
with separate hotel and residence areas, a 6,000-square-foot ballroom, 2,000
square feet of meeting space, roof-top pool and outdoor roof-top dining, and a
triple-height drop off area with valet parking.
 |
| Sam Nazarian |
The HFF team was led by executive managing director Manuel
de Zárraga, director Max Comess and associate director Scott
Wadler.
“The financing of the SLS Brickell is a significant
development that underlines the market’s confidence in the depth of the
Brickell neighborhood and the future of the downtown hotel market,” Comess
said.
“The project represents the first
stand-alone, mixed-use hotel and branded-residential tower to be capitalized
off the beach in Miami this cycle.”
HFF’s Hotel Group has been active in the sale and financing
of similar hotels across the country.
In the first three quarters of 2014, the firm financed or sold 74 hotels
and resorts with total transaction volume totaling nearly $1.98 billion. The
group is presently involved in numerous Florida Keys and South Florida hotel
and resort transactions.
 |
| Phillipe Starc |
Led by founder, chairman and CEO Jorge M. Perez, The
Related Group (Related) is one of the nation’s leading developers of
condominiums and multi-family residences.
Since its founding more than a quarter of a century ago,
Related has developed more than 80,000 apartment and condominium residences and
is one of the largest privately-owned companies in Florida.
sbe is a global hospitality and entertainment company helmed
by visionary founder, chairman and CEO Sam Nazarian, which comprises a
thriving collection of award-winning hotels, casinos, residences, restaurants
and nightlife destinations, including the SLS South Beach, Beverly Hills and
most recently, Las Vegas.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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