Fontainebleau Development has secured a total of $1.75 billion so it can refinance to resorts in South Florida. They come courtesy of multiple loans arranged by Newmark from Goldman Sachs and J.P. Morgan.
One of them is for its Fontainebleau Miami Beach luxury hotel for $1.2 billion. The other refinancing is for $550 million and applies to Fontainebleau's JW Marriott Miami Turnberry Resort & Spa.
Fontainebleau Miami Beach was first developed in 1952 and features nearly 1,600 rooms. Also, the four-tower asset contains 200,000 square feet of event and meeting space, a spa and a fitness center, 11 pools, and nine refreshment outlets.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.