MIAMI, Florida—MG Developer introduced that it has closed a $23 million refinancing mortgage for the five-story, 176-key full-service Regency Miami Airport by Sonesta. Initially inbuilt 1982, the Regency Miami Airport Lodge includes a pool, bar, and health middle.
The refinancing was secured via Interaudi Financial institution, a New York-based monetary establishment with a longstanding observe file in industrial actual property lending nationwide. The refinancing optimizes the asset’s long-term capital construction and represents institutional validation of MG Developer’s working efficiency and imaginative and prescient for the property. With this capital, MG Developer could have further flexibility to advance future improvement plans on the property’s extra land, aligning itself with the realm’s ongoing city progress and infrastructure growth.
Close by, completion of the Miami Freedom Park—a 131-acre vacation spot for sports activities, tradition, enterprise, and nature—will elevate the airport submarket. The Regency Miami Airport by Sonesta can also be inside proximity to the long run stadium and coaching complicated of Inter Miami CF, which is predicted to host its first match on April 4, 2026, and drive further demand for close by motels and investments all through the airport submarket.
“Securing help from a New York-based establishment similar to Interaudi Financial institution’s is a transparent vote of confidence in our asset administration strategy in addition to our long-term imaginative and prescient for the property,” stated Alirio Torrealba, CEO of MG Developer. “As Miami’s standing for tradition, finance, sports activities, and leisure continues to draw enterprise and leisure vacationers from around the globe, hospitality will play an vital position in providing an elevated expertise that adequately displays the town’s place on the worldwide stage.”
The transaction supplies MG Developer with further flexibility to advance future improvement plans on the property’s extra land, aligned with the realm’s ongoing city progress and infrastructure growth. The property is lower than 5 minutes away from the Dolphin Expressway and 10 minutes away from Miami Worldwide Airport, in addition to its Tri-Rail and Metrorail stations, which give entry to larger Miami and South Florida.
