Ocean Bank lends $35Mfor Marriott hotel construction

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Hotel Development Partners and Surfside-based Transacta Lanai Developers are constructing a Marriott hotel in Surfside, reports South Florida Business Journal.

The hotel, which will have175 rooms, recently secured a $35 million construction loan from Ocean Bank.

The room hotel will include a three-story parking garage, a pool and cabanas.The property was acquired for $5 million in November.

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