Newmark Group successfully secured a total of $1.75 billion in loans for Fontainebleau Development’s two renowned South Florida resorts: the Fontainebleau Miami Beach and the JW Marriott Miami Turnberry Resort & Spa. The financing was obtained from Goldman Sachs and J.P. Morgan through the efforts of Newmark’s team, including Jordan Roeschlaub, Jonathan Firestone, Nick Scribani, Tyler Dumon, and John Caraviello.
The iconic Fontainebleau Miami Beach has been welcoming guests since 1952 and recently unveiled a newly built convention center in December 2024. Spanning over 22 acres with four distinct towers housing 1,594 guest rooms, this luxurious resort offers an array of amenities such as full-service beachfront access to its eleven pools with luxury cabanas. It also features nine food and beverage outlets along with three nightlife venues for guests to enjoy.
Meanwhile,the JW Marriott Miami Turnberry Resort & Spa first opened its doors in 1967 but underwent an extensive renovation in 2019 that included expansion projects as well.The sprawling resort spans across270 acresand boasts685 guest rooms,two golf courses complete with a private country club,and120000 square feetof versatile meeting space.Its six restaurants,lounges,a waterpark,and25000 square-foot spa make it an ideal destination for both business eventsand leisurely getaways alike.
