Slate Real Estate Capital Provides $14.9M Senior Loan for Truby Hilton Hotel in Dania Beach
Slate Real Estate Capital has provided a $14.9 million senior loan for the Truby Hilton Hotel in Dania Beach, Florida, which was acquired by AD1 Global.
Slate Real Estate Capital has provided a $14.9 million senior loan for the Truby Hilton Hotel in Dania Beach, Florida, which was recently acquired by AD1 Global. The 115-key hotel was sold for an undisclosed amount and was brokered by Noam Kaminetzky of Meridian Capital Group.
Located at 44 N Federal Hwy, the Truby Hilton Hotel is a full-service hotel that offers guests a range of amenities, including a fitness center, outdoor pool, and on-site dining options. The property is located just minutes from the Fort Lauderdale-Hollywood International Airport and is within close proximity to a number of popular tourist attractions.
The seller of the property has not been disclosed, but the buyer, AD1 Global, is a hospitality investment firm that specializes in the acquisition, development, and management of hotels and resorts. The company currently owns and operates a portfolio of over 20 properties across the United States.
Slate Real Estate Capital is a New York-based real estate investment firm that provides debt and equity financing for commercial real estate projects across the United States. The firm has a strong track record of providing flexible and creative financing solutions for a wide range of property types, including hotels, office buildings, and multifamily properties.
Noam Kaminetzky of Meridian Capital Group served as the broker for the transaction. Meridian Capital Group is a commercial real estate finance and advisory firm that provides debt and equity financing solutions for a wide range of property types. The firm has a strong presence in the Florida market and has completed a number of high-profile transactions in the state in recent years.
Overall, the sale of the Truby Hilton Hotel in Dania Beach represents a strong investment opportunity for AD1 Global, which has a proven track record of success in the hospitality industry. With the support of Slate Real Estate Capital and the expertise of Noam Kaminetzky and Meridian Capital Group, the company is well-positioned to maximize the value of this asset and generate strong returns for its investors.