Related Ross Lands $172.5M Loan from Nomura to Acquire The Ben Hotel in West Palm Beach

Related Ross, Stephen Ross's West Palm Beach-focused real estate firm, secured a $172.5 million acquisition loan from Nomura, arranged by Newmark, to fund the purchase of The Ben, Autograph Collection - a 208-key luxury hotel at 251 North Narcissus Avenue in downtown West Palm Beach. The Ben is a waterfront hospitality asset directly tied to the transformation of downtown West Palm Beach, where Related Ross has been among the most active developers investing in Class A office, luxury multifamily, and high-end retail. RevPAR for West Palm Beach hotels has grown by more than 11% with further gains projected. - Related Ross: Stephen Ross's South Florida real estate venture, distinct from the broader Related Companies platform, focused on the West Palm Beach market. Major developer and investor in the city's urban transformation. - Nomura: Japanese investment bank acting as lender on the $172.5M acquisition loan. - Newmark: Arranged the financing, led by Vice Chairman Jordan Roeschlaub. The acquisition loan of $172.5 million was provided by Nomura and arranged by Newmark's team. The loan finances the full acquisition of The Ben hotel.