Meliá Costa Hollywood Nabs Construction Loan, New Partner
Excerpt from Southern Florida Business Journal: The Meliá Costa Hollywood Beach Resort obtained a big boost to its construction loan, and a deed was recorded for the property that appears to add a new player in the deal.
Maxim Capital Group affiliate Maxim Costa boosted its loan to the new owner by $17.5 million to reach $22.5 million. That should fund the ongoing construction of the 307-room condo hotel. It will include a spa and fitness facility, a rooftop pool deck and five restaurants.