Parcels Across From Diplomat Beach Resort Sold

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.

 

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