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JPMorgan Chase provides $205M refi for Blackstone's East Miami hotel
The $205 million loan refinances the 352-room East Miami property after Blackstone bought it in 2025 for $300 million.
ConnectCRE reports that JPMorgan Chase has provided a $205 million loan to refinance East Miami, a 352-room, full-service hotel in Miami’s Brickell neighborhood.
The property, a 39-story tower at 788 Brickell Plaza, is operated as EAST Miami. Blackstone purchased the asset in 2025 for $300 million.
ConnectCRE says the sellers were Trinity Investments and Certares Real Estate Management.
The report also notes the hotel opened in 2016 as part of the first phase of Brickell City Centre, a $1.1 billion, 5 million-square-foot development by Swire Properties.