Jeffrey Soffer closed on a $1.175 billion refinancing of the Fontainebleau Miami Beach, marking the latest restructuring of debt for the beachfront resort. By Katherine Kallergis Jeffrey Soffer closed on a $1.175 billion refinancing of the Fontainebleau Miami Beach, marking the latest restructuring of debt for the beachfront resort. … The Soffer family-led Turnberry Associates paid $325 million for the Fontainebleau Miami Beach in 2005 and paid another $15 million for a nearby lot where an expansion is planned. Turnberry…

By Keith Larsen The 1,000-room Diplomat sits at 3555 South Ocean Drive in Hollywood is the second-largest hotel in South Florida, after the Fontainebleau Miami Beach. The property is reportedly on the market for as much as $1 billion, or $1 million per key, according to Bloomberg. Thayer paid $460 million for the Diplomat in 2014. Shortly after the sale, the former Westin hotel was rebranded to Curio, a Hilton Worldwide Holdings brand. … Many developers are looking to refinance…