JLL secures $79.3M refinancing for JW Marriott Marquis Miami

MIAMI, Aug. 27, 2025 – JLL Capital Markets announced today that it has arranged a $79.3 million refinancing for the JW Marriott Marquis Miami, a 357-key luxury hotel located in the heart of Miami's central business district.

JLL represented the borrower, MET II HOTEL LLC, a joint venture between MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET) and MDM Group, to secure a three-year, floating-rate loan through Madison Realty Capital and Newbond Holdings’ institutional lending platform, Madison Newbond.

Completed in 2010, the 41-story JW Marriott Marquis Miami stands as a premier luxury destination in Downtown Miami, offering sophisticated accommodations and world-class amenities. The property features 357 guestrooms, including 313 JW Marriott rooms and 44 ultra-luxury Hotel Beaux Arts rooms, which operate under Marriott's Autograph Collection brand.

The refinancing follows a $16 million renovation completed in 2023, which refreshed all guestrooms and public spaces. The hotel offers an exceptional 80,000 square feet of meeting and event space, featuring a 20,000-square-foot grand ballroom – the largest among luxury hotels in the Downtown/Brickell market. Additional amenities include the award-winning Boulud Sud restaurant by renowned chef Daniel Boulud, a full-service spa, a basketball court, fitness center, virtual golf simulator and a resort-style pool deck on the 19th floor.

The hotel has received numerous accolades for its exceptional quality and service, including being named to Travel + Leisure's List of Best New Hotels upon opening and consistently winning "Florida's Leading Business Hotel" by World Travel Awards for five consecutive years (2020-2024).

Located at 255 Biscayne Boulevard Way, the property benefits from its strategic position in Miami's CBD with a walkability score of 98. The hotel is connected to the 47-story Wells Fargo Center office tower and is situated near several high-end development projects, including the Aston Martin Residences, where luxury penthouses command prices up to $60 million. The property is also within walking distance to major attractions, including Brickell City Centre, Bayfront Park, Kaseya Center arena, which is home to the Miami Heat Basketball Team and the Adrienne Arsht Center for the Performing Arts.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Paul Stasaitis, Americas CEO of JLL’s Hotels & Hospitality Group Kevin Davis, Managing Director Mark Fisher and Analyst Henry Winchester.

“The Downtown Miami and Brickell hospitality market is experiencing a strong convergence of supply and demand factors, creating an exceptionally favorable environment for luxury hotel product,” said Stasaitis. “Between the recent renovations, resurgence of group business and the current favorable market conditions, the hotel is strategically positioned to improve its performance metrics and expand its market share. These key factors, combined with the property’s established reputation, set the stage for this loan request to be highly pursued by many formidable capital sources.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Founded in 1990, MDM Group’s has consistently pursued a vision to elevate underserved urban markets by introducing highest quality amenities and world-class brands. The company has played a pivotal role in transforming key areas of Miami, including the neighborhood surrounding Dadeland Mall, the Brickell Avenue corridor, and, most recently, the city’s downtown core. Through its developments, MDM has significantly reshaped the character and vibrancy of these neighborhoods, turning them into thriving hubs of commerce, hospitality, and culture.

Madison Realty Capital is a vertically integrated private equity firm focused on US-based commercial real estate private credit strategies. As of March 31, 2025, the firm, including its controlled affiliates (collectively, “Madison”), manages $23 billion in assets on behalf of a global institutional investor base. Since 2004, Madison has completed $66 billion of securities and non-securities real estate transactions largely through direct lending to a wide range of borrowers, acquiring non-performing loans and making preferred equity investments. Madison Realty Capital seeks to deliver value across every phase of the property lifecycle by providing customized financing solutions and strong underwriting capabilities that meet borrowers’ unique needs with speed and certainty of execution. To learn more, follow Madison Realty Capital on LinkedIn and visit www.madisonrealtycapital.com.

Newbond Holdings (“Newbond”) is a real estate investment and operating platform focusing on hospitality and multifamily assets, as well as investments in related operating businesses and technology platforms. Founded by Neil Luthra and Vann Avedisian, the firm’s leadership team leverages its front-line operating experience, industry-leading investment track record, and trusted relationships to maximize returns for its partners. The Newbond team was strategically assembled from leaders with an entrepreneurial mindset and a deep understanding of the hospitality and real estate sectors. Newbond’s portfolio consists of 15+ hotels comprising 6,000 keys and $1.0B+ in asset-managed revenue.