Newmark Arranges $172.5M Acquisition Financing for The Ben Hotel in West Palm Beach Hospitality Real Estate Deal

Newmark has arranged a $172.5 million acquisition loan on behalf of Related Ross for The Ben, Autograph Collection, a 208-key luxury waterfront hotel located at 251 N Narcissus Avenue in West Palm Beach, Florida, the firm announced Feb. 27. The commercial real estate financing was provided by Nomura.

Hospitality Real Estate Transaction Details

The Ben, Autograph Collection is the only waterfront hotel in West Palm Beach, offering direct access to Palm Harbor Marina and views of the Intracoastal Waterway. Delivered in February 2020 and flagged under Marriott's Autograph Collection brand, the property features 208 guestrooms, approximately 18,475 square feet of meeting and event space, and a rooftop venue.

According to market research, the property traded for approximately $190 million, or roughly $913,000 per key, with the $172.5 million acquisition loan representing the debt component of the capital stack.

Newmark's Capital Markets Team

The commercial real estate financing was led by Jordan Roeschlaub, Co-President of Global Debt & Structured Finance at Newmark; Vice Chairman Nick Scribani; Managing Directors John Caraviello and Tyler Dumon; and Associate Tate Keir.

Newmark Group, Inc. (Nasdaq: NMRK) generated revenues of over $3.3 billion for the twelve months ended December 31, 2025, and operates from approximately 175 offices with over 9,300 professionals across four continents.

West Palm Beach Market Context

West Palm Beach has experienced significant transformation in recent years, driven by an influx of Class A office real estate, luxury multifamily real estate, and high-end retail real estate development that has established a live-work-play environment in the market, according to the announcement. That evolution has strengthened mid-week corporate demand while complementing weekend leisure travel.

As of July 2025, the West Palm Beach hospitality market recorded year-over-year revenue per available room (RevPAR) growth exceeding 11%, with an additional 6% or more growth projected by year-end 2025, according to Newmark.

Transaction Background

The financing from Nomura enables Related Ross to complete the real estate acquisition with institutional debt backing. The seller and additional transaction details were not disclosed in the announcement.