Colliers, a diversified professional services and investment management company, has revealed that its Hospitality Practice Group, as part of U.S. Capital Markets, closed on the refinancing of the EAST Miami Hotel, representing Trinity Investments and Certares Management.
The hotel, a 352-key urban resort, is located in Brickell, a business, entertainment and residential district in Miami. Directly connected to the billion-dollar Brickell City Center, the hotel offers guests access to an array of amenities. Its oversized guestrooms, suites, pool deck and restaurants and lounges are complemented by more than 500,000 sq. ft. of high-end retail, office tenants and additional entertainment options.
“Certares and I are pleased to announce the refinancing of the EAST,” said Sean Hehir, president/CEO, Trinity Investments. “Mark Owens and his team at the Colliers Hospitality Practice were able to achieve unexpected outcomes, providing us a variety of options in today’s market.”
Owens added, “Trinity and Certares’ institutional sponsorship, Swire and the EAST brand’s focus on the property and the continued strong performance of the asset made this a sought-after opportunity for the debt capital markets. Our targeted marketing provided Trinity and their partners with a variety of options in a market others view as constrained. The team and I are excited to see the trajectory of the EAST as well as that of our incredible partners in Trinity Investments and Certares Management.”
