Bonds
Fontainebleau Miami Beach to Borrow $975 Million in Bond Market
- Goldman Sachs and JPMorgan are leading the proposed bond sale
- The luxury hotel looks to raise $1.2 billion in debt financing
The Fontainebleau Miami Beach seeks to raise around $1.2 billion in debt financing.
Photographer: Charlotte Southern/Bloomberg
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Fontainebleau Miami Beach, a luxury hotel founded in the 1950s, plans to sell a $975 million commercial mortgage-backed security to refinance its debt.
It seeks to raise around $1.2 billion in debt financing, including the CMBS and a mezzanine loan of as much as $225 million, according to deal documents.