TAMPA, FL—HFF just arranged $85 million in financing for the Cheeca Lodge & Spa, a luxury destination resort in the Florida Keys. The property is AAA four diamond-rated and has been ranked as one of Travel & Leisure's “500 Greatest Hotels in the World.”

HFF worked on behalf of NWCL LLC, an affiliate of Northwood Investors, to secure a 10-year, fixed-rate CMBS loan. The borrower acquired the property in 2011 in a transaction arranged by HFF's hotel group. HFF senior managing director Dan Peek, director Chris Drew, associate director Max Comess and senior real estate analysts Cyrus Vazifdar and Scott Wadler represented the borrower.

“The successful refinancing of the Cheeca Lodge is further evidence to the evolving strength of the hotel capital markets in the US,” Peek tells GlobeSt.com. “We have several clients that are actively seeking to seize the opportunity to secure long-term financing at what are clearly attractive and accretive terms.”