JLL Arranges $600M Refinancing for Diplomat Beach Resort in Hollywood, FL

JLL's Hotels & Hospitality Group announced May 6 that it has arranged $600 million in financing for The Diplomat Beach Resort, a 1,000-room beachfront property located at 3555 South Ocean Drive in Hollywood, Florida.

The floating-rate, interest-only loan was structured as a single-asset, single-borrower CMBS transaction and secured through JPMorgan Chase & Co. and Citi. JLL worked on behalf of the borrower, a joint venture between real estate funds managed by Trinity Investors and funds managed by UBS Asset Management's Global Real Assets business.

Deal Background and Renovation Program

The refinancing follows a comprehensive $80 million renovation program completed jointly by the ownership group and Hilton, which converted the property to the Signia by Hilton brand.

JLL was also involved in the 2023 sale of the resort to Trinity and funds then advised by Credit Suisse Asset Management — since acquired by UBS — which represented the third-largest single-asset hotel sale ever in the United States at the time. JLL also led the property's previous financing in 2024.

The Diplomat Beach Resort features 1,000 guest rooms and suites, more than 200,000 square feet of integrated meeting and events space, a 15,000-square-foot spa, six restaurants and bars, multiple pools and cascading waterfalls, and 10 acres of Atlantic Ocean beachfront. The property is situated between Fort Lauderdale/Hollywood International Airport, approximately 10 minutes away, and Miami International Airport, approximately 30 minutes away.

JLL Team and Market Commentary

The JLL Hotels & Kevin Davis, Managing Director Mike Huth, Vice President Wyatt Krapf, and Analysts Jade Lewin and Malia Buljat.

"This refinancing reflects the strength of the debt capital markets for premier hospitality assets in high-performing lodging markets," John Davis said. "We are seeing continued lender appetite for hotel investments, especially for properties that demonstrate quality, strategic positioning and solid fundamentals. The Diplomat checks all those boxes, and we were able to secure financing that recognizes the value Trinity and UBS have created through their renovation program and operational excellence."

Owners' Profiles and Strategic Context

Trinity Investors is a hospitality-focused investment platform headquartered in Miami with offices in Los Angeles, London, and Honolulu. The firm has deployed more than $10 billion across the United States, Mexico, Europe, and Japan over a 30-year track record, with a strategy centered on acquiring and repositioning lodging assets in major markets.

UBS Asset Management manages $7 trillion in invested assets as of the fourth quarter of 2025. Its Global Real Assets arm, which inherited the Credit Suisse Asset Management real estate portfolio following UBS's acquisition of Credit Suisse, has maintained its position in the Diplomat joint venture through the renovation and refinancing process.

The refinancing is consistent with a value-add investment strategy, in which the ownership group deployed capital through the $80 million renovation program and is now recapitalizing the asset to reflect its repositioned value under the Signia by Hilton flag. The CMBS structure — a single-asset, single-borrower format — was used for this transaction.

Broader Context

JLL separately arranged the $835 million sale and $690 million financing of the JW Marriott Marco Island Beach Resort, a transaction involving Sculptor Diversified Real Estate Income Trust and Trinity in an 809-room luxury beachfront property.

JLL's Capital Markets group operates globally with more than 3,000 specialists across nearly 50 countries. The group provides debt advisory, investment sales, M&A and corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory services to real estate investors and occupiers worldwide.