Miami firm scores $13.2M construction loan for hotel in West Kendall

TownePlace Suites by Marriott will offer 116 rooms

Miami /
Sep.September 06, 2017 12:00 PM

A Miami-based firm just scored a $13.15 million construction loan for its planned TownePlace Suites by Marriott in West Kendall, property records show.

Ocean Bank was the lender. Records show Sunflower Hospitality at Kendall LLC, led by Manuel Henriques Moniz, paid about $1.6 million for the site in 2011.

The Marriott-branded hotel will offer 116 rooms, according to a notice of commencement. The hotel broke ground south of Southwest 88th Street along 162nd Avenue. The lot at 9055 Southwest 162nd Avenue spans about 85,088 square feet or nearly 2 acres.

Delant Construction is leading the project. TownePlace Suites by Marriott offers one- and two-bedroom suites with fully-equipped kitchens, according to its website. The hotel is near the recently-built West Kendall Baptist Hospital.

The West Kendall suburban area is seeing additional development. Nearby, CVS Pharmacy bought an office building for $7.5 million with plans to build a new store and a BB&T Bank.


Related Articles

arrow_forward_ios
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
A rendering of Wynwood Haus
Wynwood Haus apartment tower in an Opportunity Zone scores $38M construction loan
Wynwood Haus apartment tower in an Opportunity Zone scores $38M construction loan
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
Joseph Chetrit and a rendering of the Collins Park project (Getty, Kobi Karp)
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Alliance Residential Company CEO Bruce Ward and 6595 Morikami Park Road (Google Maps)
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...