Sculptor-Trinity buy JW Marriott Marco Island for $835M

JLL announced it arranged the $835 million sale of the JW Marriott Marco Island Beach Resort, an 809-room luxury beachfront resort in Southwest Florida, with Barings as seller and a joint venture between Sculptor Real Estate and Trinity Investments as buyer. JLL also secured $690 million of financing for the acquisition via a five-year floating-rate loan provided through Wells Fargo and JPMorgan Chase & Co., which was securitized in a stand-alone CMBS offering. The deal is a signal of continued institutional appetite for high-performing resort assets and the ability for large hospitality transactions to access structured debt markets.