The Diplomat Beach Resort in Hollywood, Fla., is a 1,000-room lush resort located on South Florida’s ocean front. Two institutional investors have announced they have purchased the complex, and although they did not reveal the price, the Wall Street Journal reported it was under contract for $835 million last week. 

The buyers, a joint venture between non-US offered real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC, did note, however, that the acquisition is one of the largest hotel deals in the US since August 2021. 

Erika Morphy



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