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Florida & Gulf Coast  + South Florida  + Hospitality  | 
Centennial Bank has furnished a $10-million loan to DP Hotels to build a Tru by Hilton in Miramar, FL.

Centennial Bank Provides $10M Construction Loan for Tru by Hilton in Miramar

Centennial Bank has furnished a $10-million construction loan to bring a Tru by Hilton hotel to Miramar, FL.

The loan provides Tru at Miramar, LLC, managed Dania Beach, FL-based DP Hotels, the ability to develop a 97-unit, 46,334-square-foot property on SW 27th Way in southern Broward County. DP Hotels previously purchased the 1.9-acre vacant site from Progressive Casualty Insurance Co.

The development team has enlisted Coastal Choice Construction as the general contractor for the project.

The Tru by Hilton brand is the Hilton’s “Millennial” focused concept, which offers guests a “simplified and spirited approach, grounded in value for both business and leisure.” hotel will include an outdoor pool, expansive conference room, multifunctional fitness center, light meal options, a 97-spot parking lot and fast Wi-Fi. The future hotel shares a corporate presence with Spirit Airlines, United Data Technologies, ADT and Fanatics offices just a few miles away.

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Centennial Bank

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing
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