On behalf of Hersha Hospitality Trust (HT), Jones Lang LaSalle Hotels today announced the firm has secured $60 million of refinancing proceeds for the Courtyard Miami Oceanfront Hotel. The 263-room, 14-story hotel is located at 3925 Collins Avenue in Miami Beach, Florida and has 300 feet of beach frontage. A portion of the loan proceeds will be used to fund the construction of a 93-key tower on the property.
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