{"id":48763,"date":"2026-04-14T17:20:09","date_gmt":"2026-04-14T17:20:09","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/48763\/"},"modified":"2026-04-14T17:20:09","modified_gmt":"2026-04-14T17:20:09","slug":"trinity-and-ubs-secure-600m-refi-for-diplomat-resort-in-south-florida-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/48763\/","title":{"rendered":"Trinity and UBS Secure $600M Refi for Diplomat Resort in South Florida \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/trinity-investments\/\" title=\"Trinity Investments\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Trinity Investments<\/a> and <a href=\"https:\/\/commercialobserver.com\/company\/ubs\/\" title=\"UBS\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">UBS<\/a> have refinanced the 1,000-room Diplomat Beach Resort in Hollywood, Fla., with a $600 million loan from <a href=\"https:\/\/commercialobserver.com\/company\/j-p-morgan-chase\/\" title=\"J.P. Morgan Chase\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">J.P. Morgan Chase<\/a> and <a href=\"https:\/\/commercialobserver.com\/company\/citi-real-estate-funding\/\" title=\"Citi Real Estate Funding\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Citi Real Estate Funding<\/a>, property records show.\u00a0<\/p>\n<p>The property is one of the largest oceanfront resorts in South Florida. Located at 3555 South Ocean Drive, the 12-acre Diplomat resort features a 39-story tower, 128,300 square feet of indoor event space, and an eight-story structure with 1,507 parking spots and 52,000 square feet of retail space.<\/p>\n<p>The lenders increased $452 million in outstanding debt by $148 million, bringing the total debt to $600 million, according to mortgage documents. The new mortgage \u2014 for which J.P. Morgan Chase provided $420 million and the <a href=\"https:\/\/commercialobserver.com\/company\/citi-bank\/\" title=\"Citi Bank\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Citi Bank<\/a> affiliate funneled the remaining $180 million \u2014 is scheduled to mature in 2031.\u00a0<\/p>\n<p>The outstanding debt stems from a <a href=\"https:\/\/commercialobserver.com\/2024\/05\/trinity-investment-credit-suisse-diplomat-resort\/\" rel=\"nofollow noopener\" target=\"_blank\">$575 million refinancing loan<\/a> issued in 2024 by Citi Real Estate Funding and German American Capital.\u00a0<\/p>\n<p>Trinity Investments and Credit Suisse, before UBS bought the competing Swiss bank, purchased Diplomat for $835 million in one of the largest hospitality sales in the country since the pandemic.<\/p>\n<p>In 2023, the owners sold development parcels surrounding the property in transactions totaling $52 million to Related Group, Miami\u2019s largest condominium developer, and BH Group. The developers plan to build a 38-story development with 350 condos and a 43-story condo-hotel with 500 rooms.<\/p>\n<p>A representative for the Diplomat\u2019s ownership did not immediately respond to a request for comment.<\/p>\n<p>Julia Echikson can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/04\/trinity-ubs-jpmorgan-chase-citi-diplomat-beach-resort\/mailto:jechikson@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">jechikson@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Trinity Investments and UBS have refinanced the 1,000-room Diplomat Beach Resort in Hollywood, Fla., with a $600 million&hellip;\n","protected":false},"author":2,"featured_media":48764,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[28018,28020,28019,223],"class_list":["post-48763","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-3555-south-ocean-drive","tag-channel","tag-diplomat-beach-resort","tag-ubs"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116404212469361985","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/48763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=48763"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/48763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/48764"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=48763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=48763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=48763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}