{"id":1004169537,"date":"2017-03-16T04:52:26","date_gmt":"2017-03-16T12:52:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169537"},"modified":"2022-12-07T20:37:38","modified_gmt":"2022-12-08T04:37:38","slug":"miami-beach-holiday-inn-lands-generous-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-beach-holiday-inn-lands-generous-refi\/","title":{"rendered":"Miami Beach Holiday Inn Lands Generous Refi"},"content":{"rendered":"

By Robert Demeter<\/em><\/p>\n

Miami<\/strong>\u2014Meridian Capital Group has recently arranged $26 million in CMBS financing to refinance Holiday Inn Miami Beach \u2013 Oceanfront in Miami Beach, Fla. Meridian New York City-based Managing Directors Jacob Schmuckler and Steve Adler negotiated the transaction. The 10-year CMBS loan features full-term interest-only payments.<\/p>\n

The 253-key, eight-story hotel is located at 4333 Collins Ave. The oceanfront property offers direct access to a wide stretch of beaches, as well as the Miami Beach Boardwalk, which offers a variety of restaurants, shopping and nightlife options.<\/p>\n

The building was completely renovated in 2009 and transformed into a contemporary-style hotel. Amenities include a pool area with a Tiki bar and garden areas with hammocks. The hotel features an on-site bar and restaurant, a fitness center, conference and banquet rooms, a business center and a laundry facility.<\/p>\n

\u201cThe Holiday Inn\u2019s central location and various on-site and community amenities attract both tourists and business travelers,\u201d said Schmuckler in a prepared statement. \u201cThe sponsor has owned the hotel for over 20 years, along with several nearby properties,\u201d he added. \u201cTheir strong performance record, as well as the property\u2019s recent renovations, demonstrated promising upside potential to the lender and Meridian was able to negotiate favorable terms.\u201d<\/p>\n

Image courtesy\u00a0InterContinental Hotels Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Meridian Capital Group arranged the CMBS financing for the oceanfront property.<\/p>\n","protected":false},"author":49,"featured_media":1004169538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,1492,21742],"tags":[34454,34455,33375],"class_list":["post-1004169537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-miami","category-latest","tag-holiday-inn","tag-jacob-schmuckler","tag-meridian-capital-group"],"acf":[],"yoast_head":"\nMiami Beach Holiday Inn Lands Generous Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/miami-beach-holiday-inn-lands-generous-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Beach Holiday Inn Lands Generous Refi\" \/>\n<meta property=\"og:description\" content=\"Meridian Capital Group arranged the CMBS financing for the oceanfront property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/miami-beach-holiday-inn-lands-generous-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-16T12:52:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:37:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/holiday-inn-miami-beach-3549279726-16x5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-beach-holiday-inn-lands-generous-refi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-beach-holiday-inn-lands-generous-refi\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Miami Beach Holiday Inn Lands Generous Refi\",\"datePublished\":\"2017-03-16T12:52:26+00:00\",\"dateModified\":\"2022-12-08T04:37:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-beach-holiday-inn-lands-generous-refi\\\/\"},\"wordCount\":212,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-beach-holiday-inn-lands-generous-refi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/holiday-inn-miami-beach-3549279726-16x5.jpg\",\"keywords\":[\"Holiday Inn\",\"Jacob Schmuckler\",\"Meridian Capital Group\"],\"articleSection\":[\"Deals\",\"Finance\",\"Hotel\",\"Miami\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-beach-holiday-inn-lands-generous-refi\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-beach-holiday-inn-lands-generous-refi\\\/\",\"name\":\"Miami Beach Holiday Inn Lands Generous Refi - 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