AC Hotel

Thomas D. Wood secured a $32,100,000 construction loan for the Robert Fivarb’s Companies to develop the AC Hotel South Beach. Though AC Hotel is a Marriott Flag, it is new to the US market, and it was important to find a lender who understood the success of the brand. The AC Hotels were founded in Spain in 1998, and are among the 50 best valued brands in the Spanish market. Wood selected a regional bank based on pricing and their knowledge of the hotel brand in Spain. Wood secured interest-only LIBOR-based financing, and the loan closed within 60 days. The seven-story, 150-room also includes an eighth floor, rooftop pool with panoramic views, a restaurant and 3,200 square-feet of retail space. AC Hotel South Beach is located at 2912 Collins Avenue, Miami Beach, Florida


For AC Hotel in Miami Beach, Florida

Lender type: Bank
Property Type: Hospitality
Deal Type Construction/Mini-perm

Transaction Contact:

Name Tom Wood
Office Location Miami
Phone Number 305-447-7823