Waldorf Astoria Hotel and Residences Update 06/14/24

PMG Secures $668M Loan for Waldorf Astoria Hotel & Residences Miami

PMG has secured $668 million in construction financing for the Waldorf Astoria Hotel & Residences in Miami. Bank OZK and Related Fund Management provided the financing for the upcoming 1,049-foot tower. The loan is the largest-ever condo construction loan in Florida. The Waldorf Hotel & Residences is set to offer 387 condos and 205 hotel rooms and suites. Over 90% of the condos have already been sold ahead of an expected 2028 completion.

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