Madison Realty Capital and Newbond Holdings originated a $79.3 million loan to MetLife Investment Management (MetLife) and MDM Group for the JW Marriott Marquis Miami, a 357-key hotel located at 255 Biscayne Boulevard Way in Downtown Miami. The hotel is connected to the Wells Fargo Center.
The 41-story property comprises 313 JW Marriott Marquis rooms and 44 Hotel Beaux Arts rooms, which are part of Marriott’s Autograph Collection and operate as a hotel within a hotel. The hotel was developed in 2010 by a partnership between MetLife Investment Management and MDM Group. In 2023, it completed a $16 million renovation. MetLife and MDM Group plan additional upgrades in 2026.Â
Its amenities include an infinity pool, an NBA-sized basketball court, an entertainment lounge, a full-service spa, a fitness center, food and beverage outlets, and extensive meeting and event space, including the largest ballroom of any luxury hotel in the Central Business District.
JLL Capital Markets arranged the transaction.Â
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