New West Palm Beach hotel secures $42 million construction loan

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Aztec Group said it secured $42 million in construction loan for Marriott’s Autograph Collection Hotel in West Palm Beach, Fla.

The 208-key luxury hotel, owned and operated by Concord Hospitality Enterprises, is expected to open in the fall of 2019, Commercial Property Executive reported.

The property will feature a full-service restaurant, fitness center, 4,000 square feet of meeting space, rooftop swimming pool and lounge with views of downtown Palm Harbor Marina and Palm Beach.

Located at 201 North Flagler Dr. in downtown Palm Beach, the hotel will be part of a 435,000-square-foot, mixed-use lifestyle project developed by Navarro Lowrey Properties.

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