Westin Cocoa Beach Resort, Spa and Conference Center Update 01/15/25

Developer Secures $207 Construction Loan for Space Coast Resort

 

 

Developer Driftwood Capital has secured $207 in construction financing for the Westin Cocoa Beach Resort, Spa and Conference Center. City National Bank of Florida provided $70 million in construction financing, with Bayview PACE, a division of Silver Hill Funding providing $137 million in C-PACE financing. The 502-key development is being constructed on a 13-acre oceanfront site in Cocoa Beach, Florida. The property will include swimming pools, a surfing wave pool, 11 food and beverage venues which will include themed restaurants, fitness center, pickleball and tennis courts along with 51,500 square feet of indoor meeting space and 72,000 square feet of open-air meeting and event space. A parking garage will include 800 spaces. The development is on the site of the demolished International Palms hotel. Opening is scheduled for 2027.

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