To view the post on the www.costar.com website.
Trinity Investments Sells Parcels Across From Diplomat Beach Resort Hollywood
Two Development Parcels Entitled for Residential, Hotel-Condo Units
A joint venture led by Trinity Investments has sold two development parcels and a marina adjacent to the Diplomat Beach Resort in Hollywood, Florida.
Trinity, a vertically integrated real estate investment firm based in Honolulu, Hawaii, and Credit Suisse Asset Management purchased the 1,000-room resort, along with the two development parcels, from Brookfield Asset Management for $835 million in February.
According to Trinity and CoStar data, it’s the largest hospitality acquisition in 2023.
Two development parcels and a private marina have been sold to a Miami-based real estate developer. Jaret Turkell, senior managing director of Berkadia Real Estate Advisors, brokered the transaction, according to a news release.
