---
title: "Blackstone Lands $115M Refi for Fort Lauderdale W Hotel From JP Morgan"
url: https://burnaze.com/article/b1eee8fc-19e7-4598-a367-86cd69466131
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/06/blackstone-w-fort-lauderdale-jp-morgan-chase/
author: "Julia Echikson"
category: "Hotels"
industry: "Lodging & Travel"
segment: "Hotels"
published: 2026-06-24T16:23:49.000Z
modified: 2026-10-31T20:02:55.590Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/06/W-Fort-Lauderdale-Stephen-Schwarzman-credit-Getty-Images.jpg?quality=80&resize=1200%2C630&strip=
---

# Blackstone Lands $115M Refi for Fort Lauderdale W Hotel From JP Morgan

**TL;DR:** Blackstone secured a $115 million refinancing from JP Morgan for the W Fort Lauderdale hotel, which it acquired in 2024 for $153 million. The refinancing marks the second notable refinancing JP Morgan Chase has issued to South Florida resorts lately.

*By Julia Echikson, originally published in Commercial Observer on 2026-06-24. [Read the original](https://commercialobserver.com/2026/06/blackstone-w-fort-lauderdale-jp-morgan-chase/).*

## Story

**Blackstone** nabbed $115 million to refinance the oceanfront, **W** hotel in Fort Lauderdale, Fla., property records show.

The debt from **J.P. Morgan Chase** covers the 346-room property at **401 North Fort Lauderdale Beach Boulevard**, between Riomar Street and Bayshore Drive.

In 2024, the private equity giant purchased the 19-story building from an affiliate of **Related Companies**. The $153 million deal included $97.6 million for the property’s real estate and another $55 million for the hotel’s operations and furniture.

The 567,524-square-foot asset was built in 2009, and Related Companies spent about $55 million on renovations.

The W hotel’s debt transaction marks the second notable refinancing J.P. Morgan Chase has issued to South Florida resorts lately. In April, the bank, alongside **Citi Real Estate Funding**, provided $600 million for the 1,000-room, oceanfront **Diplomat Beach Resort** in Hollywood, which **Trinity Investments** and **Credit Suisse Asset Management** had bought for $835 million in 2023.

The recent refinancing also comes as the W property in South Beach is shutting down for renovations after the billionaire **Reuben Brothers** purchased the 407-room asset for more than $400 million in 2024. Earlier this week, the owners laid off over 100 workers.

## Entities

- private equity (topic)
- Real Estate (sector)
- Commercial Observer (publication)
- Blackstone (investor)
- Fort Lauderdale, Florida (location)
- JPMorgan Chase (company)
- Julia Echikson (person)
- Related Companies (company)
- Citi Real Estate Funding (investor)
- Trinity Investments (investor)
- hotel refinancing (topic)
- south florida real estate (topic)

---
Originally reported by Julia Echikson, Commercial Observer (https://commercialobserver.com/2026/06/blackstone-w-fort-lauderdale-jp-morgan-chase/). Summarized by Burnaze (https://burnaze.com/article/b1eee8fc-19e7-4598-a367-86cd69466131).