Walker & Dunlop, Inc. announced Wednesday that it structured $164 million in financing for The Goodtime Hotel, located in Miami Beach, Florida.
The financing was arranged by Walker & Dunlop's Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt, and Sean Bastian, who identified JP Morgan as the ideal capital source for the financing. The team arranged a three-year, interest-only bridge loan with two one-year extension options on behalf of their client, Dreamscape.
The boutique hotel's main attraction is the food and beverage offering, which is managed by David Grutman's Groot Hospitality. Complete with a pool, restaurant, and a club with curated DJ performances and live music, the 26,000 square-foot amenity deck is a destination unto itself.
The hotel is one of the most iconic hotel offerings in Miami and opened to much fanfare in April 202. The 266-key luxury hotel features approximately 46,000 rentable square feet of ground floor retail as well as 242 parking spaces.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.