Jeffrey Soffer’s Turnberry Isle resort scores $412M refi
The 398-room hotel was previously expanded with the addition of a 16-story tower with 282 rooms, designed by Nichols Architects
JW Marriott Turnberry Resort & Spa in Aventura designed by Nichols Architects.
Courtesy of Turnberry Miami
Jeffrey Soffer’s Fontainebleau Development refinanced its JW Marriott-branded resort in Aventura’s Turnberry Isle with a $412 million loan.
Bank of China New York Branch is financing the Fontainebleau affiliate that owns the JW Marriott Miami Turnberry Resort Hotel & Spa at 19999 West Country Club Drive, records show. The loan refinanced $339.5 million in debt, while tacking on another $72.6 million.
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Previously known as Turnberry Isle Miami, the resort was rebranded under the JW Marriott flag as part of the renovation. The 398-room hotel was expanded with the addition of a 16-story tower with 282 rooms. The project, designed by Nichols Architects, also added 110,000 square feet of meeting space and upgrades to the pool, front driveway and main lobby and building.
Nichols designed JW Marriott Miami Turnberry Resort & Spa. Photo via Instagram @jwturnberry. (Courtesy of JW Turnberry Resort & Spa on Instagram)
Read full story >>>> Source: The Real Deal https://therealdeal.com/miami/2022/08/10/jeffrey-soffers-turnberry-isle-resort-scores-412m-refi-from-bank-of-china/