Greystone to Advise on New Hollywood Resort

HOLLYWOOD, FL—Greystone, says it has formed a relationship with Costa Hollywood to provide strategic advisory services and identify additional capital sources for its $150 million Melia Costa Hollywood Beach Resort.As a first stage in this relationship, Greystone has assisted in obtaining construction financing of $22.5 million from Maxim Capital Group, a New York-based national real estate lender, for the project.The Melia Costa Hollywood Beach Resort, whose six floors were topped off earlier this summer, will boast 307 units and a fitness center, holistic spa, luxury boutiques, multiple restaurants and lounges, and rooftop swimming pools.“The Melia Costa Hollywood project is a stunning addition to the Hollywood, FL market, and we are looking forward to participating in the success of the project as it progresses,” said Jeffrey Simpson, head of Greystone Property Development.“Greystone’s ability and track record for procuring financing and pushing construction to completion was a main factor in forming this relationship,” said Moses Bensusan, developer and CEO of Costa Hollywood.