The new loan for Margaritaville Resort Orlando refinances the existing construction senior and mezzanine debt and creates funding for 75-key expansion.
August 31, 2021 at 12:30 PM
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Concord Summit Capital LLC has arranged a $98.39 million refinancing for Margaritaville Resort Orlando. Starwood Property Trust provided the loan, which refinances the existing construction senior and mezzanine debt and provides additional capital for an expansion of the resort, to Margaritaville’s developer and owner Encore Capital Management.
Encore, a longtime client of Concord Summit, plans to build 75 additional hotel rooms on the east wing of the resort.
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