Newmark Arranges $172.5 Million Acquisition Financing For Luxury WPB Hotel

Newmark has arranged a $172.5 million acquisition loan on behalf of Related Ross for The Ben, Autograph Collection, a 208-key luxury-lifestyle hotel located at 251 N Narcissus Avenue in West Palm Beach.

The financing was provided by Nomura.

The transaction was led by Co-President, Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Directors John Caraviello and Tyler Dumon and Associate Tate Keir.

Delivered in February 2020, The Ben is the only waterfront hotel in West Palm Beach, offering direct proximity to Palm Harbor Marina and sweeping views of the Intracoastal Waterway. Flagged under Marriott’s Autograph Collection, the property features 208 well-appointed guestrooms with state-of-the-art furnishings and finishes, approximately 18,475 square feet of meeting and event space and the premier rooftop venue in the market.

West Palm Beach has undergone significant transformation in recent years, fueled by an influx of Class A office, luxury multifamily and high-end retail development that has established a vibrant live-work-play environment. This evolution has strengthened mid-week corporate demand while complementing historically robust weekend leisure travel. As of July 2025, the West Palm Beach hospitality market has experienced year-over-year RevPAR growth exceeding 11%, with an additional 6%+ growth projected by year-end 2025, underscoring continued positive operating momentum.