Blackstone Refinances Fort Lauderdale W Hotel With $115M JP Morgan Loan
Blackstone secured $115 million from JP Morgan Chase to refinance the 346-room W Fort Lauderdale, marking the bank's second major South Florida resort refinancing in recent months.
Blackstone secured $115 million from JP Morgan Chase to refinance the W Fort Lauderdale, a 346-room oceanfront hotel at 401 North Fort Lauderdale Beach Boulevard, property records show [1]. The debt covers the 19-story, 567,524-square-foot asset between Riomar Street and Bayshore Drive [1].
Blackstone purchased the property in 2024 from an affiliate of Related Companies for $153 million, including $97.6 million for the real estate and $55 million for the hotel's operations and furniture [1]. The asset was built in 2009, and Related Companies had invested about $55 million in renovations before the sale [1].
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