10 February 2025

HUNTER HOTEL ADVISORS SECURES $35.5MM SENIOR LOAN FOR MOXY MIAMI WYNWOOD, SIGNALING A STRONG START TO 2025

Hunter Hotel Advisors (HUNTER) is pleased to announce the placement of a $35.5 million senior note for the Moxy Miami Wynwood (Moxy). Baywood Hotels (Baywood) secured the financing from Synovus Bank on January 31, 2025, with HUNTER’s Senior Vice President, Charlie Ryan, representing the borrower. This senior loan was a key component of a broader recapitalization for the Moxy.

The Moxy Miami Wynwood officially opened in October 2024, developed through a 50/50 joint venture between Baywood Hotels and Dolphin Capital Partners. As Wynwood’s hotel market continues to experience significant growth, driven by the area’s vibrant arts and cultural scene, the Moxy becomes the first branded hotel in the neighborhood.

“Thanks to HUNTER, we were able to secure a loan that perfectly aligns with our goals,” said Chris Desai of Baywood. “Their expertise and commitment to the deal were instrumental in securing aggressive terms that will fuel the long-term success of our project. The Moxy is the most centrally located hospitality and F&B project in Wynwood, offering a perfect blend of modern amenities, vibrant design and local flavors. The Moxy is set to become the go-to spot for anyone visiting the neighborhood.”

"We're delighted to facilitate financing for Moxy Miami Wynwood, a vibrant, unique addition to Wynwood," said Luis Cardenas from Synovus Bank. "This highlights our commitment to supporting the hospitality sector and properties that contribute significantly to the cultural fabric of their communities. The Moxy is poised to be a standout destination, and we're thrilled to be part of its journey and collaborate with Baywood Hotels, Dolphin Capital Partners, Suzer Group and the HUNTER team."

Located at 255 NW 25th Street, the hotel sits in the heart of Wynwood, Miami’s vibrant creative hub, known for its dynamic blend of eateries, bars, boutiques, art galleries and museums. Just one block from the renowned Wynwood Walls and three blocks from the Wynwood Marketplace, the hotel offers prime access to the area's cultural attractions.

Offering 120 keys and standing 8 stories high, the Moxy features two signature restaurants: Sparrow Italia, an 8,000-square-foot modern Italian eatery with 203 seats, and Casa Madera, an18,500-square-foot modern Mexican Mediterranean restaurant and rooftop club with 362 seats.Both restaurants are managed by Noble 33, a leading F&B operator. The hotel spans more than 110,000 square feet, with a fully equipped fitness center, versatile event spaces and 49 parking spaces.

Led by senior vice presidents Charlie Ryan and Adeel Amin, HUNTER’s Capital Markets team specializes in customized financing solutions, including debt and equity placements, subordinate financing and more.