Penn-Florida Gets $300M Loan for Mandarin Oriental Boca Raton
Penn-Florida Companies has secured a $300 million loan for the construction of the Mandarin Oriental Boca Raton, a luxury hotel and residential complex located in South Florida. The loan was provided by a syndicate of lenders led by Goldman Sachs. The loan will finance the construction of the project, which is set to open in 2022.
The Mandarin Oriental Boca Raton will be a luxury hotel and residential complex located in the heart of Boca Raton. The project will include a five-star hotel, a spa, a fitness center, a pool, and a variety of luxury residences. The project is expected to create more than 500 jobs in the area.
The loan is a major boost for the project, which has been in the works for several years. The loan will help finance the construction of the project, which is expected to be completed in 2022. The project is expected to be a major boon for the local economy, creating jobs and bringing in new visitors to the area.
The Mandarin Oriental Boca Raton is a major development for the city of Boca Raton. The project is expected to bring in new visitors to the area, create jobs, and boost the local economy. The loan will help finance the construction of the project, which is expected to be completed in 2022.
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Source: Penn-Florida Gets $300M Loan for Mandarin Oriental Boca Raton The Real Deal.