MIAMI—Carlyle Group just secured a $25.9million loan for its Islamorada Resort in the Florida Keys. TheBank of the Ozarks made the loan on the boutiqueocean front hotel. Loan proceeds will be used toupgrade the resort.

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The HFF capital markets team representing theborrower was led by directors Max Comess andChris Drew. Analysts Maxx Carneyand Alexandra Lalos of HFF's Miami office alsoworked on the deal.

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“This financing provides further evidence of the unprecedentedliquidity across the capital stack for hotels thatexists in the market today,” Drew tells GlobeSt.com. “There hasnever been a better environment for strong borrowers to consumecapital.”

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The resort is located at 80001 Overseas Highway in the Villageof Islamorada. That's about 80 miles from both Key West andMiami.

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“The Florida Keys represent one of the country's strongesthotel markets, making it extremely attractive toboth investors and lenders in the hospitality space,” Comess tellsGlobeSt.com. The five-story hotel offers 79 guestrooms and suites, Oceans 80 restaurant and tiki bar, a resort-stylepool, private beach, and marina.

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Carlyle is working spearheading the renovation and repositioningof the property. The firm will work with boutique hotel operatorTrust Hospitality, and renowned hospitalityarchitect Malcolm Berg to complete theproject.

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