financeHotel Business··1 min·For: Owner, Investor
IPA Secures $75M Recapitalization for Miami Beach Hotel
IPA Capital Markets arranged a $75.1 million mid-construction recapitalization for The Monroe Hotel, an 89-key luxury boutique property in Miami Beach's Faena District. The complex financing stack funds the ongoing $125.5 million redevelopment, slated for completion in 2027.
Key Takeaways
- 1The $75.1M package includes $44M in C-PACE financing, $24.8M in construction debt, $6.3M in bridge financing, and historic tax credits
- 2Total project cost is $125.5 million for the 89-key boutique luxury property set to open in 2027
- 3Amenities will include 15 suites, a rooftop venue, a recording studio, a spa, and private beach service
Source: Hotel Business
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