March 15, 2016 Eden Roc – 4245 Collins Ave Miami Beach, FL
Current Lender: COMM 2015-CCRE24 Mortgage Trust
Loan Amount: $95M
Origination Date: 6/25/2015
Originator:Cantor Commercial Real Estate Lending
Property Type: Hospitality
Total Building Area: 677,016 sq. ft.
Assessor Value(updated 12/31/2015): $120.4M
Did you know? Formerly a member of Marriott’s Renaissance Hotels & Resorts brand, Eden Roc left Marriott International abruptly in 2013 despite its fifty year contract.
The short-lived partnership between Eden Roc and Marriott International ended in a lawsuit with Eden Roc suing Marriott for long term brand and financial damages, claiming that the hotel was “duped into carrying out a $240 million renovation while Marriott flooded the hotel with wholesale and cut-rate bookings.”
Eden Roc even included trespassing in its list of claims against Marriott which was quickly dismissed.