Jeffrey Soffer now owns the Turnberry Resort after split with his sister and business partner
JW Marriott Miami Turnberry Resort & Spa | Total loan: $340M
TB Isle Resort LP, led by developer Jeffrey Soffer, received $91 million in financing for the JW Marriott Miami Turnberry Resort & Spa from the Bank of China, boosting its loan to $340 million. The 300-acre property, at 19999 West Country Club Drive, rebranded as a JW Marriott and went through a major renovation and expansion.
The $340 million loan includes $248.9 million in financing that was secured in 2017.
The $175 million expansion, designed by Nichols Brosch Wurst Wolfe and Associates (NBWW), was completed last year and added 110,000 square feet of meeting space and upgrades to the pool, front driveway and main lobby and building.
The now 680-room hotel includes a new 16-story tower with 282 rooms.
Read on >>>> Source: The Real Deal Jeffrey Soffer’s Turnberry Isle, HFZ’s Shore Club hotel close refinancings