NorthMarq Capital’s Miami office refinances The Westin Key West Resort for $50 million

The Westin Key West Resort

Debt & Equity

Multi-Tenant

MIAMI (August 31, 2015) – Bill Johnson senior vice president/managing director of NorthMarq Capital’s Miami office arranged financing for The Westin Key West Resort. This resort hotel located at 245 Front Street in Key West, Florida was refinanced for $50 million. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its relationship with a life insurance company. Resort services include a pool, marina, two different spa facilities, beach access, a workout fitness studio and internet access throughout the resort. The property is certified as a Green Lodging Resort and has won multiple prestigious awards. Located in one of the premier vacation destinations in the US, Key West offers a dramatic range of attractions and tourist destinations. Some highlights include: Key West Aquarium, Custom House, Mallory Square, Key West Golf Club and a plethora of beaches and waterfront activities.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.