Fontainebleau Miami Beach has successfully secured $975 million through a CMBS to refinance its existing debt. This is part of a larger debt package of $1.2 billion, which includes a mezzanine loan of up to $225 million.
The hotel will also receive a $105 million equity investment from Jeffrey Soffer, the majority owner. With this additional capital, the total amount raised is approximately $1.3 billion, as stated in the deal documents.