St. Regis Bal Harbour Resort Secures $263M Refi After Special Servicing

AI Summary

Fortress Investment Group provided a $263 million refinancing loan to rescue St. Regis Bal Harbour Resort in Florida, rescuing it from special servicing. The loan comprises $188 million of assumed debt and $70 million in new debt to support the 213-room oceanfront property.

Fortress Investment Group has rescued Al Rayyan Tourism Investment Company (ARTIC)’s St. Regis Bal Harbour Resort out of special servicing, supplying a $263 million loan to refinance the oceanfront property.  The New York-based lender assumed $188 million in existing debt and added $70 million in new debt backing the 213-room property in Bal Harbour, Fla., […]