In Brief: The Hilton Miami Beach Convention Center Hotel has successfully obtained a bridge loan of $103 million, a move that underscores the ongoing efforts within the hospitality sector to secure financial stability and support expansion plans.
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Rendering of the Hilton Miami Beach Convention Center Hotel – Image Credit Peachtree Group
Peachtree Group has originated a $103 million bridge loan to support the recapitalization and completion of the 289-key Hilton Miami Beach Convention Center Hotel in Miami Beach, Florida.
Peachtree Group has originated a $103 million bridge loan for the Hilton Miami Beach Convention Center Hotel, a redevelopment project adjacent to the Miami Beach Convention Center in Miami Beach, Florida. The loan will support the recapitalization and completion of the 289-room hotel.
The Hilton Miami Beach Convention Center Hotel is being developed on the site of the former Collins Park Hotel, originally constructed between 1938 and 1953. The site previously consisted of seven buildings designed by Miami architects L. Murray Dixon and Albert Anis and is designated by the City of Miami Beach Historic Preservation Board.
The hotel is expected to open in May 2026. It is located steps from the Miami Beach Convention Center and two blocks from the ocean.
Peachtree Group has completed 17 transactions totaling $504 million in originations so far this year, including nine hotel financings representing $253 million.
