{"id":318304,"date":"2026-06-24T17:20:07","date_gmt":"2026-06-24T17:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/318304\/"},"modified":"2026-06-24T17:20:07","modified_gmt":"2026-06-24T17:20:07","slug":"blackstone-lands-115m-refi-for-fort-lauderdale-w-hotel-from-jp-morgan-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/318304\/","title":{"rendered":"Blackstone Lands $115M Refi for Fort Lauderdale W Hotel From JP Morgan \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/blackstone\/\" title=\"Blackstone\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Blackstone<\/a> nabbed $115 million to refinance the oceanfront, W hotel in Fort Lauderdale, Fla., property records show.<\/p>\n<p>The debt from <a href=\"https:\/\/commercialobserver.com\/company\/j-p-morgan-chase\/\" title=\"J.P. Morgan Chase\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">J.P. Morgan Chase<\/a> covers the 346-room property at 401 North Fort Lauderdale Beach Boulevard, between Riomar Street and Bayshore Drive.\u00a0<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/06\/mesa-west-83m-refi-352-unit-olin-fields-seattle\/\" rel=\"nofollow noopener\" target=\"_blank\">Mesa West Provides $83M Refi for 352-Unit Seattle-Area Multifamily Complex<\/a><\/p>\n<p>In 2024, the private equity giant purchased the 19-story building from an affiliate of Related Companies. The <a href=\"https:\/\/commercialobserver.com\/2024\/05\/blackstone-related-companies-w-fort-lauderdale\/\" rel=\"nofollow noopener\" target=\"_blank\">$153 million deal<\/a> included $97.6 million for the property\u2019s real estate and another $55 million for the hotel\u2019s operations and furniture.\u00a0<\/p>\n<p>The 567,524-square-foot asset was built in 2009, and Related Companies spent about $55 million on renovations.\u00a0<\/p>\n<p>The W hotel\u2019s debt transaction marks the second notable refinancing J.P. Morgan Chase has issued to South Florida resorts lately. In April, the bank, alongside Citi Real Estate Funding, <a href=\"https:\/\/commercialobserver.com\/2026\/04\/trinity-ubs-jpmorgan-chase-citi-diplomat-beach-resort\/\" rel=\"nofollow noopener\" target=\"_blank\">provided $600 million<\/a> for the 1,000-room, oceanfront Diplomat Beach Resort in Hollywood, which Trinity Investments and Credit Suisse Asset Management had bought for $835 million in 2023.<\/p>\n<p>The recent refinancing also comes as the W property in South Beach is shutting down for renovations after the billionaire Reuben Brothers purchased the 407-room asset for more than $400 million in 2024. Earlier this week, the owners laid off over 100 workers.<\/p>\n<p>Representatives for Blackstone did not immediately respond to a request for comment.<\/p>\n<p>Julia Echikson can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/06\/blackstone-w-fort-lauderdale-jp-morgan-chase\/mailto:jechikson@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">jechikson@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Blackstone nabbed $115 million to refinance the oceanfront, W hotel in Fort Lauderdale, Fla., property records show. The&hellip;\n","protected":false},"author":2,"featured_media":318305,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[132288,249,251,250],"class_list":["post-318304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-blackstone-w-fort-lauderdale-jp-morgan-chase","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/318304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=318304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/318304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/318305"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=318304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=318304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=318304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}