Overview
- The 208-room Marriott Autograph Collection property at 251 North Narcissus Avenue opened in 2020 on the Lake Worth Lagoon waterfront.
- Wheelock Street Capital sold the hotel after acquiring it in 2021 following Concord Hospitality’s completion of the Flagler Banyan Square redevelopment.
- The purchase price was not disclosed, with prior Bloomberg reporting suggesting roughly $190 million that was not confirmed in the latest announcement.
- Newmark arranged the Nomura financing through a team including Jordan Roeschlaub, Nick Scribani, John Caraviello, Tyler Dumon and Tate Keir.
- Related Ross recently lined up a $145 million refinancing for the Esperanté Corporate Center from Hudson Bay Capital Management and a $157 million GoldenTree loan for a waterfront condo project.