US Edition800-Room Grand Hyatt Gets $392M Construction Financing, Completion 2027
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800-Room Grand Hyatt Gets $392M Construction Financing, Completion 2027
Two of Miami’s biggest developers have secured construction financing for the massive Grand Hyatt convention center hotel in Miami Beach. The development team led by David Martin’s Terra and Jackie Soffer’s Turnberry obtained $392 million in construction financing from TYKO Capital. It is the largest standalone hotel loan issued in Miami in over a decade. Last year, the Miami Beach Redevelopment Agency issued a $75 million grant for the project.…
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