The Real Deal Miami

Brickell hotel lands $41M construction loan

The project is first location in U.S. for Chilean builder
October 22, 2014 01:30PM

Atton Brickell Hotel rendering

Atton Brickell Hotel rendering

A Chilean hotel builder received a large construction loan for its first project in the U.S., to be located near Brickell Avenue. 

Atton Hotels received a $41 million construction loan from the New York branch of Corpbanco, a Chilean commercial bank. The loan will support construction of the 275-room, 12-story-hotel at 1500 Southwest First Ave., according to the South Florida Business Journal.

Atton bought the site in 2013 for $6.3 million. [South Florida Business Journal] – Jennifer White Karp