Stephen Ross' real estate firm, Related Ross, has secured $172.5 million in financing for its purchase of a luxury hotel in West Palm Beach, Florida.
Known as The Ben, Autograph Collection, Nomura provided the acquisition loan, which was arranged by Newmark. The efforts by the CRE brokerage were led by Vice Chairman Jordan Roeschlaub, Managing Directors Tyler Dumon, Nick Scribani and John Caraviello and Associate Tate Keir.
The hotel sector in West Palm Beach enjoyed RevPAR growth in excess of 11 percent as of July 2025, according to data from Newmark. Also, the brokerage expects that growth will add another six percent by the end of 2025. The focus on live, work and play in the city in recent years has contributed to the strong financial performance for hospitality.
"West Palm Beach has undergone significant transformation in recent years, fueled by an influx of Class A office, luxury multifamily and high-end retail development that has established a vibrant live-work-play environment.
"This evolution has strengthened mid-week corporate demand while complementing historically robust weekend leisure travel."
The Ben, which was first delivered in February 2020, includes 208 rooms and roughly 18,475 square feet in event and meeting space. The site at 251 N Narcissus Avenue offers views of the Intracoastal Waterway and is near Palm Harbor Marina.
This marks another transaction in the Sunshine State for the South Florida-focused firm. According to Related Ross, its South Florida portfolio is valued at more than $1 billion.
In December, Related made big news when it secured a $772 million financing package for its CityPlace office projects in West Palm Beach. This marked the largest construction loan ever seen in Florida at the time.
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