Newmark Arranges $172.5 Million Acquisition Financing for The Ben, Autograph Collection in West Palm Beach, Florida

February 27, 2026 9:00 AM

Newmark announces the Company has arranged a $172.5 million acquisition loan on behalf of Related Ross for The Ben, Autograph Collection, a 208-key luxury-lifestyle hotel located at 251 N Narcissus Avenue in West Palm Beach, Florida. The financing was provided by Nomura.

The transaction was led by Co-President, Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Directors John Caraviello and Tyler Dumon and Associate Tate Keir.

Delivered in February 2020, The Ben is the only waterfront hotel in West Palm Beach, offering direct proximity to Palm Harbor Marina and sweeping views of the Intracoastal Waterway. Flagged under Marriott’s Autograph Collection, the property features 208 well-appointed guestrooms with state-of-the-art furnishings and finishes, approximately 18,475 square feet of meeting and event space and the premier rooftop venue in the market.

West Palm Beach has undergone significant transformation in recent years, fueled by an influx of Class A office, luxury multifamily and high-end retail development that has established a vibrant live-work-play environment. This evolution has strengthened mid-week corporate demand while complementing historically robust weekend leisure travel. As of July 2025, the West Palm Beach hospitality market has experienced year-over-year RevPAR growth exceeding 11%, with an additional 6%+ growth projected by year-end 2025, underscoring continued positive operating momentum.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of over $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.