Fontainebleau Miami Beach is a historic beachfront resort with over 1,500 keys
MIAMI BEACH, Fla. (Dec. 12, 2024) – Ohana Real Estate Investors (Ohana) has partnered with a subsidiary of Canada Pension Plan Investment Board (CPP Investments), CPPIB Credit Investments III Inc., to provide a $225 million mezzanine loan for Fontainebleau Miami Beach. The partnership builds on a collaboration between the two organizations started in June of this year to provide a mezzanine loan for The Diplomat Beach Resort. The Fountainbleau investment is part of a larger $1.2 billion refinancing package, which also includes a $975 million CMBS senior loan lead by Goldman Sachs.
“Fontainebleau Miami Beach is an iconic resort in a highly sought-after destination, and we are excited for the opportunity to add such a dynamic asset to our growing credit portfolio,” said Kevin Cullinan, Partner and Head of Credit at Ohana. “This investment demonstrates our confidence in the enduring appeal of the property and the long-term value of its prime Miami Beach location.”
The Fontainebleau Miami Beach is a renowned property that has redefined hospitality in South Florida. Nestled on one of the most popular beaches in the region, the resort offers a variety of amenities and guest experiences, including 9 restaurants and 2 bars, an onsite nightclub, 11 pools, a 40,000-square-foot spa and over 300,000 square feet of meeting and event space. The sprawling resort is positioned along over 1,250 feet of linear beachfront, providing guests unparalleled access to the Atlantic Ocean.
Recently recognized as one of the best hotels in Miami by Condé Nast Traveler Readers’ Choice Awards 2024, Fontainebleau continues to set the standard for guest experience in a highly desirable market.
About Ohana Real Estate Investors
Ohana Real Estate Investors (Ohana) is a vertically integrated real estate investment firm with expertise in the hospitality and residential sectors, focusing on urban and resort markets throughout North America. Founded in 2009, Ohana invests across the capital structure through dedicated equity and credit fund strategies and currently manages approximately $3 billion on behalf of a global investor base, including university endowments, foundations, and family offices. For more information, please visit ohanare.com.